Strategists say the classic split between stocks and bonds still makes sense, though some are tweaking the mix.

There are some signs of relief that may set up savers for higher future returns, particularly in the bond market.

Moriarty played a key role in the launch of SPY, the oldest and largest exchange traded fund.

Since 1928, the S&P 500 Index has only fallen for two straight years on four occasions: The Great Depression, World War II, the 1970s oil crisis and the bursting of the dot-com bubble at the start of this century.

Following a strong November, active funds were on pace to have their best year versus their benchmarks since 2017, with 45% outperforming, according to Bank of America.