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A majority of U.S. stocks have delivered lower lifetime returns than Treasury bills, according to Charlie Bilello. Citing historical performance, Bilello highlights that 59 percent of U.S. stocks underperform Treasury bills over their lifetime, while 45 percent ultimately post a negative cumulative return.
The observation points to the challenging odds individual investors face when picking stocks compared to investing in a broad market index. Bilello echoes Jack Bogle's advice to 'buy the haystack' instead of searching for standout winners.
Bilello has previously noted that the S&P 500 fell 7% in the first 59 trading days of 2026, marking its 14th worst yearly start. He has also forecast that CPI for March is set to exceed 3%, describing the indicator as lagging behind changes. These observations add to his recent focus on challenging conditions for equity investors.