Joe Davis

Global Chief Economist

Joe Davis

Global Chief Economist

Joseph H. Davis, Ph.D., is a principal and Vanguard's global chief economist. He is also head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee the firm's investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, he is a member of the senior portfolio management team for Vanguard Fixed Income Group, which oversees more than $500 billion in assets under management.

Mr. Davis frequently presents at various investment forums and has published studies on a variety of macroeconomic and investment topics in leading academic journals. He earned his Ph.D. in macroeconomics and finance at Duke University.

Joseph H. Davis, Ph.D., is a principal and Vanguard's global chief economist. He is also head of Vanguard Investment Strategy Group, whose research team is responsible for helping to oversee the firm's investment methodologies and asset allocation strategies for both institutional and individual investors. In addition, he is a member of the senior portfolio management team for Vanguard Fixed Income Group, which oversees more than $500 billion in assets under management.

Mr. Davis frequently presents at various investment forums and has published studies on a variety of macroeconomic and investment topics in leading academic journals. He earned his Ph.D. in macroeconomics and finance at Duke University.

Rising rates have not meant poor stock returns

Article

Chief Economist Joe Davis looks at how investors might fare as the Fed continues to raise short-term interest rates. While many believe rising rates are a harbinger of poor stock returns, history tells us otherwise.

Chief Economist Joe Davis looks at how investors might fare as the Fed continues to raise short-term interest rates.

  Read article

Are stocks dangerously overvalued?

Article

Not according to a new Vanguard yardstick. Our “fair-value” CAPE ratio suggests that valuations are indeed high but not in the “bubble” territory implied by the conventional CAPE.

Not according to a new Vanguard yardstick. Our “fair-value” CAPE ratio suggests that valuations are indeed high but not in “bubble” territory.

  Read article

Webcast replay: Factor-based investing

Video  | Transcript available

With our recent launch of factor products, you might have questions about how we think about factors at Vanguard. Vanguard experts Frank Chism, Doug Grim, and Antonio Picca answered advisors' questions about our factor methodology in our latest webcast.

Watch the full replay of Vanguard experts Frank Chism, Doug Grim, and Antonio Picca answering advisor questions about factor-based investing.

  Watch video

 | 

  Read transcript

Vanguard's views on Bitcoin

Video  | Transcript available

Vanguard Global Chief Economist Joe Davis shares his views on the rise of cryptocurrencies, including bitcoin.

Vanguard Global Chief Economist Joe Davis shares his views on the rise of cryptocurrencies, including bitcoin.

  Watch video

 | 

  Read transcript

More from Joe

Video

Vanguard Global Chief Economist Joe Davis discusses how P/E ratios relate to investment returns.

Video

Vanguard Global Chief Economist Joe Davis discusses how technology is influencing wage growth and the global labor market.

Video

Vanguard Global Chief Economist Joe Davis shares our economic and market outlook for China.

Video

In this replay of an exclusive live webcast for advisors, Vanguard Global Chief Economist Joe Davis breaks down Vanguard's 2018 economic and market outlook.

Article

In its annual global economic and market outlook, Vanguard outlines its expectations for growth, inflation, monetary policy, and more.