WIP - Total Return Forecasts: Major Asset Classes - August 2 2024

2024-08-02 10:47:00 ET

Summary

• The total return outlook for the Global Market Index ticked lower in July, marking the first downshift in several months for this forecast.
• GMI’s long-term estimate now points to an annualized 7.0% performance, down slightly from the previous month.
• US shares are expected to earn softer results in the years ahead relative to the market’s realized return over the past decade.

The total return outlook for the Global Market Index (GMI) ticked lower in July, marking the first downshift in several months for this forecast. GMI’s long-term estimate now points to an annualized 7.0% performance, down slightly from the previous month, based on the average of three models (defined below). GMI is an unmanaged benchmark that holds all the major asset classes (except cash) according to market weights via a set of ETF proxies....

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