S&P 500 Investors Must Prepare for Three Long-Term Headwinds

S&P 500 Investors Must Prepare for Three Long-Term Headwinds
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S&P 500 Investors Must Prepare for Three Long-Term Headwinds

The S&P 500 produced a decade of eye-popping returns, but the simple fact is the conditions that made that possible are shifting. This piece walks through three durable headwinds that could meaningfully slow market returns: higher interest rates, heavier capital spending needs driven by AI and infrastructure, and stretched valuations that leave U.S. large caps...