Stocks’ 10-year return is about to spike upward

The stock market is about to look a heck of a lot more attractive.

But it won’t be because publicly traded corporations have become a lot more profitable, or for any of the other standard reasons why equities might legitimately become more attractive.

On the contrary, the soon-to-be-more-attractive stock market will derive from what is little more than a statistical sleight of hand. Retirees need to be on their guard so that they don’t become seduced by it into increasing their equity exposure for the wrong reason.

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