2018 was the worst year in a decade for the S&P, and now it's about where it would have been had average trends from the years before continued. Much of the gai

2018 was the worst year in a decade for the S&P, and now it's about where it would have been had average trends from the years before continued. Much of the gains in 2019 have been driven by stock buybacks, the Fed pumping cash into the economy, and lowering interest rates. Companies maybe have more money on the books due to taxes but what are they spending it on (or are they spending it at all)? Seems to be buying back shares more so than R&D, employee benefits, or physical growth. GDP growth is right around 2%, where it was prior to the corporate tax cuts of 2017. My investment accounts look good this year, but they were pretty red at the start of last year.