Investing: lower productivity, higher rates and Santa Claus Dave Coker · Follow Published in DataDrivenInvestor · 3 min read · 21 hours ago 21 hours ago -- 1 ShareThree negatives for stocksWe have seen a decades long bull in The US stock market. Year in and year out, the intermediate to long term trend of stock prices was up. However, countering a drop in productivity we see over the period in question interest rates have fallenInterest Rates, 1980 to 2023, St. Louis Fed, authorFrom a high of 15% in 1980 to roughly 1.5% in 2020. But post pandemic, we see interest rates rising. It is clear interest rates are unlikely to return to their pre-pandemic lows, and, in fact, are likely to fall much slower than markets currently anticipate.

Source: Forbes December 19, 2023 10:15 UTC