Investing Newsletter - Jul 2019
Stock and bond markets rebounded sharply in the first half of 2019.
Over the next 10 years, Vanguard expects stock and bond returns to be lower than the historical averages.
Vanguard forecasts higher returns for foreign stocks vs. US stocks during this period.
GMO’s 7-year return forecast is lower than Vanguard’s.
Stocks, as measured by the S&P 500, have neared their historical average return for only 6 out of the last 93 years – returns have varied widely for other years.