Financial experts are projecting lower returns for U.S. stocks and high-grade bonds in the coming years, with emerging market stocks and junk bonds expected to outperform. Projections suggest that U.S. stock market returns will be less than historical averages due to high price-to-earnings ratios. Additionally, inflation is expected to be around 2.5%. The article provides insights into various methods for estimating future stock returns and emphasizes the importance of long-term financial planning in light of these projections.
Volvo has pledged to sell only full-electric vehicles after 2030, without any exceptions. The company's chief commercial officer, Bjorn Annwall, said that Volvo would not sell a single car that is not full-electric after 2030, regardless of market. While this could potentially cost the company in markets that aren't ready for EVs, Volvo's CEO, Jim Rowan, said that the company would "gain a lot more than we sacrifice." Market projections suggest that EVs will only make up 27% of the US market's sales by 2030.
The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, will be released on Friday and is expected to influence the Fed's next move regarding interest rates. The market is projecting a 50% chance of a 0.25% increase at the Fed's next meeting, but Friday's PCE data is likely to tilt projections one way or the other. The Fed will also get a look at March CPI data on April 12 and PPI data the following day before making its next decision on rates on May 3.
