The Ghost of GDP Past

MarketsETF Trends

By Corey Hoffstein and Justin Sibears, Newfound Research Trend GDP growth is a critical determinant of traditional asset class returns. For equities, GDP growth has historically served as an upper bound to earnings growth. For bonds, short-term interest rates can be modeled as the sum of GDP growth, time preferences (i.e. the relative preference between…Click to read more at

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