J.P. Morgan strategists estimate future returns from U.S. stocks will average about 6% over the next decade, well below the 10.8% average return of the past.
Bull markets, John Templeton observed, “are born on pessimism, grow on skepticism, mature on optimism, and die of euphoria.” It would appear that this market.
The FOMC meeting is the central event in a week full of key data releases and earnings calls. Investors will begin to get a better sense of how the Fed will.