How economically sensitive is your portfolio?
With the economy appearing to pick up speed, and with the third anniversary of the stock market's March 2009 nadir receding, it's worth remembering that the United States has experienced 10 recessions since 1953. The future won't necessarily align with historical averages, of course. Statistically speaking, though, the U.S. could be nearly halfway through its current period of expansion.
Even if that's not the case, recent history underscores why investors need to understand how vulnerable their funds are to an economic slowdown.
Shannon Zimmerman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.