最新报道:Vanguard forecasts modest annual returns of 3.8%-5.8% for U.S. stocks over the next decade, citing elevated valuations and structural risks like rising debt levels. The asset manager recommends diversifying into bonds and international markets, projecting higher returns for non-U.S. equities at 6.4%-8.4% annually. Vanguard's analysis suggests fixed income may offer better opportunities, with global bonds expected to yield 4.8%-5.8% compared to 4.1%-5.1% for U.S. bonds. The firm warns that current stock market optimism may not align with fundamental economic realities.