Stocks have been on a terrific run over the past decade. But the years ahead might not be quite so spectacular.
A rising chorus of market watchers has recently sounded the alarm about the possibility that investors could be on the cusp of a “lost decade” — one where performance falls far short of what they have come to expect over the past 15 years.
A report published by David Kostin, chief U.S. equity strategist at Goldman Sachs, helped kickstart the conversation on Friday, when Kostin warned that the S&P 500 could be poised for what would be among its weakest stretches of returns over the past century.