An extraordinary decade for markets

The long-awaited pivot away from US equities may finally be at hand, and India may benefit from this shift

The 10 years ending December 31, 2021 were quite extraordinary for big technology companies and the US markets in particular. Now that we are in the midst of a bear phase, there are multiple reports and analyses dissecting the returns of the last decade, and trying to forecast what the realistic expectations for financial market returns would be in the coming years.

It has been clear for some time that following the global financial crisis (GFC), the US equity markets have been the only place to be. They have outperformed international markets in 10 out of the last 12 years