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Vanguard reduces the expected return on the stock market over the next decade



The stock market will not regain the kind of annual gains that investors have been accustomed to since the worst of the financial crisis hit in 2009, said Vanguard Chief Investment Officer Greg Davis.

1; which has risen 15 percent since its Christmas Eve after three months of turmoil – is on the "high end" of fair value, Davis said on "Squawk Box" from the Inside ETFs Conference in Hollywood , Florida.

Davis sees earnings growth slow to a single-digit pace this year, following the much stronger rate of last year, as for the economy, whose growth rate is forecasted to reach 3 percent in 2018 Davis this year saw US GDP rise 2 percent.

Stock market return slows as earnings and economic growth cools Davis said Americans needed to save more and save more.

Vanguard, who joined Valley Forge in 1975 , Pennsylvania-based mutual fund giant, manages approximately $ 5.3 trillion in assets in 2018 as of September 30.


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