3 Emerging Long-Term Headwinds for the S&P 500

The S&P 500 (SNPINDEX: ^GSPC) returned 13% on an annualized basis over the past 10 years, a run so steady that double-digit gains came to feel routine. That era could be ending soon.Broad-market index funds like the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) and Vanguard S&P 500 ETF (NYSEMKT: VOO) are still going to be the cheapest way to own a diversified basket of the biggest American businesses. But three emerging headwinds in particular could make the next decade materially less generous to those who hold the market.Since 2008, American corporations have been able to refinance their debt at ever-lower interest rates thanks to the Federal Reserve setting its policy rate near 0% to stimulate the economy. That borrowing subsidy is probably finished. Today, the 10-year Treasury yield trades near 4.5%, about double its norm from the 2010s. The Fed's June dot plot leans toward a hike rather than further cuts.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool