Stocks

Investors reaped above-average gains for most of the past 42 years. We’re likely to see below-average gains in the future.

Longer-term investors’ buying creates the sharp rallies that often follow rapid declines. However, these rallies are short-lived until the fundamentals improve.

Utilities are usually up there with gold, the yen or the Swiss franc when it comes to safe havens. But that may be about to change.