Portfolios for the risk we may not be imagining By Vanguard Markets and economy Investors have faced a wild ride in 2025. The excitement may not be over. Equity and fixed income markets took less than a month to recover after U.S. tariff announcements in early April sent them reeling, giving investors a valuable opportunity…
Our investment and economic outlook, May 2025 By Vanguard Markets and economy Tariff reprieves, trade deals brighten the economic horizon Global trade developments have made us more optimistic for modest economic growth in 2025. But policy uncertainty remains high. Australia Amid weaker global growth, expect a dovish central bank. “Given the combination of…
Tariff strife on hold as other risks simmer By Vanguard Markets and economy Tariff announcements create a risk-off environment In an unlikely sequence of events, markets have just navigated a dramatic round-trip: a sharp spike in volatility and a market sell-off, followed by an equally swift return to relative calm. The CBOE Volatility Index…
Our investment and economic outlook, April 2025 By Vanguard Markets and economy Our latest forecasts for investment returns and region-by-region economic outlook Vanguard has updated its forecasts for broad asset class returns through a March 31, 2025, running of the Vanguard Capital Markets Model® (VCMM). The probabilistic return assumptions depend on market conditions and…
Amid turbulence, a new U.S. economic outlook By Joe Davis, Vanguard Global Chief Economist Markets and economy Something had to be the catalyst After a steady, upward march of U.S. equities valuations, especially those of large growth companies, something had to precipitate a reversal. We know now, after three days of sharp global stock…
Our investment and economic outlook, March 2025 By Vanguard Markets and economy Our latest forecasts for investment returns and region-by-region economic outlook The government of Germany, home to the euro area’s biggest economy, this month approved its largest fiscal spending increase in more than a generation. Headlined by a €500 billion infrastructure investment fund,…
AI’s impact on productivity and the workforce By Vanguard Markets and economy AI is set to lead to the fastest productivity and economic growth in a generation. The impacts of artificial intelligence (AI) could lead to the most rapid productivity and economic growth in a generation. As Vanguard Global Chief Economist Joe Davis explains, AI…
Our investment and economic outlook, February 2025 By Vanguard Markets and economy Our latest forecasts for investment returns and region-by-region economic outlook. Though it has fallen well below its pandemic-era peaks, the nominal pace of U.S. wage growth remains strong, at about 4%. Yet wage growth does not appear to be an impediment to inflation…
How $10,000 performed across eight asset classes in 2024 By Tony Kaye, Senior Personal Finance Writer Investing strategy Another year of varied returns demonstrates the importance of diversification. Global share markets surged into record territory during 2024, delivering double-digit returns to many investors. Indeed, investors using broad-based exchange traded funds (ETFs) to cover the largest…
Have you checked your portfolio today? By Tony Kaye, Senior Personal Finance Writer Markets and economy Rather than worrying about day-to-day price movements, focus here instead. If you checked on the status of your investment portfolio today, don’t worry. You’re definitely not alone. In fact, you may have looked at how your various investment holdings…