In this article, published in his own blog, Damodaran makes an updated analysis offering data and interpretation keys that may help to assess the state of the art of world major stock market.

Ed Yardeni's comment on forecast by economists at Goldman Sachs that the S&P 500 will produce annualized returns of only 3% (before accounting for inflation) over the next 10 years. They reckon that the range of possible outcomes includes -1% at the low end and +7% nominal returns at the high end.

Moderate growth favors growth stocks, such as US technology. But if GDP growth accelerates, focus on value stocks.

According to Cambridge Associates (CA) indexes, private equity and venture capital (PE/VC) in the developed markets underperformed those in emerging markets in first half 2022. The Cambridge Associates LLC Developed Markets ex US PE/VC Index returned -11.1% in the period, in USD terms, and -3.3% in euros.