Vanguard CEO, top execs offer lackluster stock market forecast for 2022 and beyond

Published by
The Philadelphia Inquirer

Vanguard CEO Mortimer “Tim” Buckley and two top strategists at the firm said investors should expect the stock market to post far more modest returns over the coming decade compared with recent years while offering a guarded but positive outlook for the global economic recovery. Over the next decade, investors should expect 2% to 4% U.S. equity market returns annually, the Vanguard panel said. That’s far below last year, when “we had a return in the S&P 500 of close to 28%,” said chief investment officer Greg Davis, who joined Buckley. “Those are not sustainable returns,” Davis added. “We were…

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