After four decades of incredible performance, the stock market could be at the beginning of a lost decade.
Yes, the S&P 500 has dropped 2.5% on Friday, and is down 23% in 2022.
Société Générale’s Albert Edwards has been singing the same tune for a long time about the end of what he calls the “Ice Age,” a period of “secular stagnation” that left yields low and boosted asset prices.
It will also require more than a simple buy-the-S&P-500-and-hold strategy.
Now we’ll have to work for our money.
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