Here today, gone tomorrow: The impact of economic surprises on asset returns

November 27, 2018


Part of Vanguard's Global Macro Matters research series

Understanding the current—and potentially future—state of the global economy helps investors put market movements into context. To promote that understanding, researchers from Vanguard Investment Strategy Group examine the economic trends that affect the investing environment in this new series. Below are their latest insights into Global Macro Matters.

What effect can economic surprises have on asset returns? The answer depends on whether you're investing for the short term or the long term. In a new Global Macro Matters paper, Vanguard researchers explore the relationship between economic surprises and asset returns, and examine the implications for portfolio strategy.


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