A Strong Economy Doesn't Equal Strong Returns
There is effectively zero correlation over long periods of time between a country's GDP growth and stock market returns, according to Vanguard chief economist Joe Davis.
Christine Benz: Hi, I'm Christine Benz from Morningstar. Investors often believe that strong economic growth will fuel strong stock market growth. But some recent research casts doubt on that idea. I sat down with Vanguard's chief economist Joe Davis to discuss some recent findings on this topic.
Joe, thank you so much for being here.