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Economy

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Inflation and stock-bond correlation since 1939

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Interest rates vs EAFE/US performance since 2009

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MSCI US P/E relative to MSCI world x US P/E since 1970

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MSCI USA index minus MSCI World ex-USA index (3-year rolling returns) since 1973

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Percent of S&P 500 members outperforming the S&P 500 index (trailing 3 months) since 1993

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Some notable asset bubbles over the last 40 years

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More duration does not always mean more risk

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S&P 500: cheap or expensive?

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Cash and bond Performance (%) one year after the end of the past six hiking cycles

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Average annualized outperformance of companies before and after the first year they became one of the 10 largest in US

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