US national debt held by the public stands at $11.3 trillion today. To pay down this debt, fiscal austerity - higher taxes and spending cuts - is inevitable. Given this fiscal background - government deleveraging - I think the economy will grow slowly. Stock performance, especially companies that focus on domestic market, are likely to be mediocre. I also think global economic growth will be slow in the coming decade, because of the amount of debt in the US, Japan, and European countires.
Just want to put down a note here to see if I am right in 2022.