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For the 2021 calendar year, the S&P 500 Index was up 28.7% after an 18.4% return in 2020 and a 31.5% return in 2019. This has been the best three-year return since the late 1990s. The U.S. equity market categories were the best equity markets with the large-cap S&P 500 Index up 28.7%, followed by U.S. mid-cap and small-cap asset classes. At the bottom were 10-year and 30-year U.S. Treasury Bonds. Bonds overall were a difficult asset class for investors.
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