Total Return Forecasts: Major Asset Classes - April 2, 2026

James Picerno6.94K FollowersFollow5ShareSavePlay(8min)CommentsSummaryThe short-term effects for markets have already been substantial, and more turbulence is potentially brewing for the near-term outlook.Today’s updated long‑term forecast for the Global Market Index is relatively steady at a 7%-plus annualized total return.GMI’s projections are expected to be somewhat more reliable vs. the estimates for its components. Love Employee/iStock via Getty Images The war with Iran started over a month ago and could run for several more weeks, according to President Trump’s address to the nation last night. The short-term effects for markets have already beenThis article was written byJames Picerno6.94K FollowersFollowJames Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.