Guggenheim investment chief Scott Minerd just made a bold forecast for a sluggish decade of US stock returns

, and Minerd wasn't alone in predicting weaker returns in the years ahead. The participants pointed out obstacles including sluggish economic growth and political turmoil in Europe and rising political divisions."Not only are equities inflated in value, but bonds are inflated in value," Minerd said."We're continuing to inflate assets … and not really being compensated to take on a lot of risk.

He added that inflation is likely to stay low for a long time, and bonds won't provide much of a return either.It's not the first time Minerd has voiced expressed concern about future stock performance"Worse than us!" exclaimed David Hunt, president and CEO, PGIM, Prudential's investment management business. Minutes earlier, Hunt had said he expected annual returns of about 4% over the next decade.

Probably right considering they are trading beyond sane values at the moment. Could take years for the QE heroin to wear off and the withdrawal symptoms will be painful

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scott Minerd, who manages $265 billion for Guggenheim, says the Fed's next move will be a hikeThe U.S. economy remains strong and an overseas rebound may be at hand, according to Guggenheim's chief investment officer. A hike will kill the growth numbers, though if you trust the data they are showing you, you have no idea how they do their calculation so Powell will loose his job? good.
Source: CNBC - 🏆 12. / 72 Read more »