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Stocks just stormed back into the lead against bonds

V.E. Day, left, with jockey Javier Castellano up, moves past Wicked Strong right, with jockey Rajiv Maraghto up, to win the Travers Stakes horse race at Saratoga Race Course in Saratoga Springs, N.Y., Saturday, Aug. 23, 2014. (AP Photo /Hans Pennink)
It’s neck-and-neck.
By Matt Phillips
Published Last updated This article is more than 2 years old.

And down the stretch they come!

It’s been a see-saw battle between stocks and bonds this year, aith stomach-churning volatility leading to a number of lead changes in recent weeks. Just a couple weeks ago, stocks stumbled, allowing the bond market’s steady performance to overtake the equities markets, including dividends and share prices gains.

But, equities roared back last week, with a bit of help from the Bank of Japan, and the US S&P 500 finished at a record closing high. (An intraday high the S&P set in September still holds.)

So far this year, the total return on the S&P 500 is roughly 11%, outpacing the lower volatility rise for the Barclays Aggregate US bond index, which is up a not-too-shabby 5%.

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