Grantham, Mayo, Van Otterloo's 7-Year Property Course Of Written Report Surgical Procedure Forecast

We've linked to quite a few of the GMO forecasts over the years, only haven't since 2015.
Mr. Grantham's dour outlook was non inwards melody alongside what was genuinely happening inwards the markets as well as didn't genuinely reverberate our views.

So instead we've taken to linking to his commentaries where oddly plenty Mr. G, got exuberantly - as well as correctly - bullish a few years agone as well as nosotros lead maintain been leaning toward his master melt-up target of S&P 3300 every bit a blow off top. He hedged a combat inwards conversation alongside The Economist Apr 10 only said at that topographic point was all the same a 40% possibility. "An update from Jeremy Grantham"

See special banking concern annotation afterwards the jump.

First up, the Apr forecast via Advisor Perspectives, 17April:

GMO's 7-Year Asset Class Forecasts Still Favor Non-US Markets

The GMO Asset Allocation squad has released its latest 7-Year Asset Class Forecasts.

Most global equity markets declined inwards the get-go quarter despite the corporate sector mostly reporting reasonable substitution data. As a result, GMO's 7-year equity forecasts mostly improved over the get-go quarter (see nautical chart below). Even alongside these improvements, International as well as U.S. equities are all the same forecast to lead maintain apartment to negative existent returns over the side past times side seven years, alongside Emerging equities remaining an exception, forecast to lead maintain a positive existent provide of 1.9%.

"To us, the chance fix for equity investors looks pretty clear: favor non-U.S. markets, particularly value stocks inwards emerging markets," says GMO Asset Allocation squad fellow member John Thorndike. "Additionally, alongside the Fed continuing to enhance short-term involvement rates as well as the potential inflationary effects of tariffs as well as merchandise wars, nosotros mean value investors are good served to top away along their duration short."

(click to enlarge)

...."Grantham’s ‘Horrifically Early’ Calls Challenge GMO"
 
March 2014
How Good Is Jeremy Grantham's Forecasting Record?
His strong pessimism drives GMO managed funds toward the unopen to stable (large capitalization) value stocks, as well as these funds lead maintain performed fairly well (reflecting perchance a value premium rather than marketplace position timing).
 
See also:

GMO 7-Year Asset Class Real Return Forecasts: 2007
GMO 7-Year Asset Class Forecasts - June 2012
Grantham Mayo 7-year Asset Class Real Return Forecast June 30, 2013 
Grantham, Mayo, Van Otterloo's 7-Year Asset Class Performance Forecast Apr 24, 2015

And Sept. 2009
Jeremy Grantham: "GMO’s 7-Year Asset Class Return Forecast"