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Explore Joe Davis's perspective on artificial intelligence, economic growth, and market trends, and what they may mean for investors over time.
Markets and economy
Economic outlook
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Markets and economy
AI, Economic Growth, and the Market Outlook
AI, Economic Growth, and the Market Outlook
Artificial intelligence continues to drive growth in the U.S. economy and the financial markets, as investment in and adoption of AI technology accelerates even beyond previous forecasts. In this July 2026 video, Vanguard Global Chief Economist Joe Davis explains what this acceleration means for economic growth and market opportunities through 2027.
What investors should know about AI
- AI adoption by businesses and individual users continues to surge.
- Economic growth in the U.S. may be higher than Federal Reserve forecasts, driven by AI investment and adoption.
- Strong earnings momentum exists along with signs of market euphoria, so balancing opportunity with diversification remains key for investors.