RT Journal Article
SR Electronic
T1 Cautious Optimism for the U.S. Economy and<br/>Financial Markets
JF The Journal of Index Investing
FD Institutional Investor Journals
SP 81
OP 86
DO 10.3905/jii.2011.2.1.081
VO 2
IS 1
A1 Joseph Davis
YR 2011
UL https://pm-research.com/content/2/1/81.abstract
AB Vanguard’s outlook for the U.S. economy remains one of cautious optimism. While Vanguard fully appreciates the secular headwinds following the deep financial crisis, their proprietary leading indicators continue to suggest that a stronger-than-expected economic recovery is increasingly likely in 2011. These upside risks—should they be realized—would appear consistent with a self-sustaining recovery, positive but volatile stock market returns, and eventually, stronger upward pressure on trend inflation and U.S. interest rates.TOPICS: Wealth management, equity portfolio management, financial crises and financial market history