The next quarter century or so could be a tough one for the stock market, researchers at the Federal Reserve Bank of San Francisco warn.
In a paper released by the institution Monday, two of its staffers said the retirement of the Baby Boom generation stands to strip away from equities a key source of support.
The ongoing wave of retirees won’t crater the market, but they may well be “a factor holding down equity valuations over the next two decades,” Zheng Liu and Mark Spiegel write.
As they see it, what the Baby Boomers have given to the market is something like what they will be taking away.
Read Full Article »