NewsWatch: Irrational exuberance? Why last year’s stellar returns may have been a reversal of ‘excessive pessimism’

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MARKETWATCH FRONT PAGE

Tim Duy, a University of Oregon professor who closely tracks the Federal Reserve, says the market’s gains last year weren’t out of the ordinary. See full story.

Stocks set to trade near records as new year kicks off

Futures markets indicate U.S. stock indexes are set to open near records Thursday as the new year gets under way, with bulls looking to build on the best year for the S&P 500 since 2013. See full story.

Secure Act includes one critical tax change ‘that will send estate planners reeling’

The Secure Act includes some other important tax changes that have nothing to do with retirement. See full story.

Cash in on 2019 gains and rebalance portfolios in this way in 2020, Wells Fargo strategist says

As the final trading session of the year gets under way, the three major U.S. benchmark indexes look set for a subdued end to a bumper 2019. See full story.

23andMe can open a Pandora’s Box of a family’s medical secrets: ‘As hard as it is knowing, not knowing is much worse’

Some people have been forced to balance disclosure of sensitive health news to relatives and their own privacy. See full story.

MARKETWATCH PERSONAL FINANCE

Last year, economists expected mortgage rates to rise — but then they fell. See full story.