PT  - JOURNAL ARTICLE
AU  - Joseph Davis
TI  - Cautious Optimism for the U.S. Economy and<br/>Financial Markets
AID  - 10.3905/jii.2011.2.1.081
DP  - 2011 May 31
TA  - The Journal of Index Investing
PG  - 81--86
VI  - 2
IP  - 1
4099  - https://pm-research.com/content/2/1/81.short
4100  - https://pm-research.com/content/2/1/81.full
AB  - Vanguard’s outlook for the U.S. economy remains one of cautious optimism. While Vanguard fully appreciates the secular headwinds following the deep financial crisis, their proprietary leading indicators continue to suggest that a stronger-than-expected economic recovery is increasingly likely in 2011. These upside risks—should they be realized—would appear consistent with a self-sustaining recovery, positive but volatile stock market returns, and eventually, stronger upward pressure on trend inflation and U.S. interest rates.TOPICS: Wealth management, equity portfolio management, financial crises and financial market history