The stock market will not hold back the annual gains investors have become accustomed to since the financial crisis bottom in 2009, said Vanguard chief investment Greg Davis.
much stronger rate. As for the economy, which comes out of what is expected to be a 3 percent growth rate for 2018, Davis sees that US gross domestic product rises by about 2 percent this year.
With stock market returns slowing as earnings and financial growth cools Davis said Americans should save more and save longer.
Vanguard, the fund giant founded in Valley Forge, Pennsylvania in 1975, has about $ 5.3 trillion in global assets under management, per 30 September, 2018.