# Wall Street's 10-Year Reality Check: Tech Crushed It, But What's Next?

Last decade was *chef's kiss* for stock market bulls. Here's the scorecard:

- **Nasdaq Composite**: 336% gains (15.8% annually) - Tech went absolutely nuclear
- **S&P 500**: 216% gains (12.1% annually) - Still solid, but nothing fancy compared to Nasdaq
- **Dow Jones**: 159% gains (10% annually) - Old money moving slow, as expected

Nvidia, Apple, Microsoft basically *were* the market. These three + Alphabet + Amazon carried the whole show.

**Here's the plot twist**: Wall Street thinks the party's slowing down. JPMorgan expects large-cap stocks to return ~6.7% annually over the next decade. Goldman Sachs is even more bearish—6.5% for the S&P 500 (could be as low as 3% in downside scenarios).

Why the pessimism? High valuations + tariff headwinds = less juice for the 2020s.

**The play?** Mix index funds with some quality individual stock picks. It's boring, but boring beats getting wrecked.