Deconstructed Global Stock Market Returns – Business Insider

In the long-run, earnings are without question the most important drivers of stock market returns.Dividends, which are a usually financed with earnings, are another big driver of total returns.In the short-run, however, returns can be effected tremendously by swings in the premium investors are willing to pay for those earnings. This is reflected by an expanding or contracting¬†[…]