9 October 2024
Bill Gross, a renowned investor, suggests that the robust stock market rally of the past five years is slowing down. He advises investors to expect lower but still positive returns, recommending a shift towards defensive stocks while maintaining average market exposure and including a small bond position. Gross cites various factors influencing this outlook, including high valuations, geopolitical risks, and potential changes in the political landscape, balanced against positive forces like moderating inflation and AI investment.