TY - JOUR T1 - Cautious Optimism for the U.S. Economy and<br/>Financial Markets JF - The Journal of Index Investing SP - 81 LP - 86 DO - 10.3905/jii.2011.2.1.081 VL - 2 IS - 1 AU - Joseph Davis Y1 - 2011/05/31 UR - https://pm-research.com/content/2/1/81.abstract N2 - 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 ER -