> That seems unrealistic, given historical returns of US equity markets. Especially considering we've just had 5 years of pretty remarkable returns in the equi

> That seems unrealistic, given historical returns of US equity markets. Especially considering we've just had 5 years of pretty remarkable returns in the equity markets, so if anything you'd expect low returns over the next few years. US equity as a whole is valued pretty high relative to earnings at the moment, and the technology sector is in line with that.