Reported 6 months ago
The Chief Investment Officer, Bill Smead, predicts that the stock market will experience stagnant returns for the next decade due to persistent inflation and increasing US debt levels. Smead warns that the S&P 500 Index could remain flat for 10-15 years, drawing parallels to the 1970s when high inflation resulted in poor stock performance. He anticipates a challenging period for stocks with potential losses similar to past market crashes, attributing the inflationary pressure to elevated public debt levels. Other experts also express concerns about a possible recession by April 2025.
Source: YAHOO