Megatrends: Truth beyond the noise

Megatrends may be slow-moving structural forces but they can impact the economic cycle over the short and long run. Seeing the pattern helps cut through the noise for informed risk-taking—the core of sound investing.

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Megatrends—Truth beyond the noise

Vanguard’s research examines how fundamental shifts in technology, demographics, fiscal deficits and debt, globalization, and more may shape the economic landscape, future markets, and broader society. Vanguard’s data-driven insights identify and quantify which megatrends are likely to have more meaningful impact on the U.S. economy and capital markets in the years ahead. 

One such outcome suggests a future that too few are talking about - one in which technology, specifically artificial intelligence (AI), transforms the way we work, driving increases in productivity and economic growth.

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AI, demographics, and the U.S. economy: Quantifying the coming tug-of-war

The U.S. economy’s coming decade will be shaped by a tug-of-war between artificial intelligence and demographics-driven deficits. The victor - and its margin of victory - will determine whether economic growth exceeds its disappointing pace since the global financial crisis or slows further. This research paper quantifies different scenarios and outcomes.

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Active investing? Don’t overlook value in the age of AI

Conventional wisdom may lead one to think that growth stocks are the way investors can position themselves to take advantage of the growth of artificial intelligence. But as Vanguard’s Global Chief Economist explains, it would be wise not to overlook value stocks.

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Fixed income and AI: Active risk-taking amid higher rates

Vanguard’s Joe Davis discusses a shift in the fixed income market as artificial intelligence progresses and highlights the potential for active risk-taking in a higher interest rate environment over the next decade.

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Look at the bigger equity picture: AI beyond tech

It’s no secret that artificial intelligence is a pivotal force in the current technological transformation. But as this piece explains, it may not be wise to focus solely on tech stocks for investment outperformance.

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Coming into View: How AI and other Megatrends will Shape Your Investments

Culminating years of rigorous research into what’s shaping our economic future, Coming into View delves into the key forces that will impact the economy over the next decade, providing actionable insights to help investors build resilient portfolios.

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