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Need to Know: Brace for a lost decade for U.S. stocks, warn Morningstar strategists

It’s time to put away the grill and fireworks and instead focus on the Fed minutes that will hit during afternoon trading.

If the smoke signals from Jay Powell & Co. aren’t stirring enough, we’ve also got Washington and Beijing’s dueling tariff packages that are getting closer to taking effect. And there’s Friday’s jobs report.

Beyond the near-term economic headlines, strategists at Morningstar Investment Management Europe say the longer-term outlook isn’t that great for U.S. stocks, providing our call of the day.

“Our expectation at the moment is that you won’t have any real return from U.S. equities over the next 10 years,” said Dan Kemp, chief investment officer for Europe, the Middle East and Africa, at a company event Wednesday in London.

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