Interesting and quite "realistic" numbers for me... and this is coming from someone who has a portfolio of mostly growth stocks :-D

"Vanguard believes that U.S. growth stocks are overvalued, and that better opportunities will be found overseas."
I agree. U.S. growth stocks will not be the best choice in the coming years.

If the Fed continues to raise rates, I will buy US Treasury bonds for a temporary period of time before a correction occurs.

Well, it seems to me that the Vanguards are being cautious, and that's a good thing. 👍