Hanno Lustig examines S&P 500 10-year return outlook

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23.11.2025

Hanno Lustig examines S&P 500 10-year return outlook — @HannoLustig: S&P 500 10-year returns outlook

Hanno Lustig presents an analysis of the S&P 500's future returns by examining the correlation between the price-to-earnings (P/E) ratio and subsequent market performance.

While short-term returns showed little correlation, Lustig highlights a more detailed outlook over the next 120 months, referencing insights from renowned economist Robert Shiller. This approach offers investors a broader perspective on potential market trends.

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Lustig’s latest assessment of long-term market dynamics dovetails with his prior examination of how declining real rates have contributed to rising valuation multiples, offering further context for today’s equity valuations. His perspective on passive investment strategies, highlighted through Chris Kontz’s research on the impact of passive investing, continues to inform the debate on market efficiency and structure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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