• Corpus ID: 15065047

Forecasting stock returns: What signals matter, and what do they say now?

  title={Forecasting stock returns: What signals matter, and what do they say now?},
  author={Joseph H. Davis and Roger Aliaga-D{\'i}az and Jacqueline Charles and Thomas},
is poor (even “dead”) given the backdrop of muted economic growth, already-high profit margins, elevated government debt levels, and low interest rates. Others take a rosier view, citing attractive valuations and a wide spread between stock earnings yields and Treasury bond yields as reason to anticipate U.S. stock returns of 8%–10% annually, close to the historical average, over the next decade. Given such disparate views, which factors should investors consider when formulating expectations… 

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