One line of the chart shows the average stock market return that investors expect over the coming 12 months. The data are shown on an every-other-month basis from February 2017 through April 2024. Investors’ 12-month expected return was 6.3% in April 2024, a slight dip from two months earlier. A second line shows the average stock market return that investors expect over the coming 10 years. The data are shown on an every-other-month basis from February 2017 through April 2024 and are steadier than for the 12-month time frame. Investors’ 10-year expected return stood at 7.4% in April 2024, just below the reading of 7.5% in February 2024.