Jenny Johnson: "the next decade is not going to have the same tailwinds"

We've just come off a decade where there's been massive central banks pumping money into the system. You've had interest rates at historically low levels...  You can't fall off the floor; they're probably not going  much lower.  So they're either going to stay there for a while or go up...  Look at the passive bond indexes: Their durations have expanded over the last 15 years.  That becomes a different risk.  Equity markets where 6 stocks accounted for 50% of the return in the last 10 years.  There have been great tailwinds this last decade, but I could say one thing for sure is "the next decade is not going to have the same tailwinds."  So there's going to be some real challenges there.

~ Jenny Johnson, Franklin Templeton CEO, Yahoo Finance interview, July 14, 2021