Bloomberg Surveillance · Tuesday, September 1, 2026
David Booth believes US institutions are incredibly strong, citing the consistent performance of stock and bond markets over the past 100 years through various crises. He argues that despite potential frustrations with government or other factors causing stress, these do not significantly correlate with market returns.
“Well, I think they're incredibly strong.”
“And it's also, I don't know, something like seven quarters in a row we've had, you know, gains and earnings.”
“Throughout all of that, stocks have done about 10% a year and bonds about 4% or 5%. So markets behave the way we hope they would.”