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Jeff Reeves’s Strength in Numbers: Investors must come to terms with lower returns from stocks and bonds

Welcome, investors, to the new “new normal.”

Wall Street is always about the expectations. Time and again each earnings season, it’s not so much whether profits are up — and sometimes, whether there are profits at all — but whether those numbers are better or worse than expected

In the second quarter, the U.S. economy grew at a depressingly slow 1.2% rate — well-below previous forecasts of about 2.5%. That ugly figure makes for an average annual growth rate of 2.1% for the U.S. economy since the Great Recession — the weakest pace of any economic expansion since 1949.

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