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Morgan Stanley: Gloomy 10-Year Outlook for Stock and Bond Returns

It could be a decade of underperformance for stocks and bonds, according to global investment firm Morgan Stanley. This could affect the classic 60-40 capital allocation that consists of 60% equities and 40% bonds. “We expect U.S. stocks and U.S. Treasurys to see [returns of]4.9% and 2.8% each...
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