Economy

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2nd Longest Expansion

2nd Longest Expansion.PNG

Marginal Tax Rate for Income in 2018

Marginal Tax Rate for Income in 2018.PNG

Starting Yields Highly Correlated with Five-Year Total Returns

Starting Yields Highly Correlated with Five-Year Total Returns.PNG

Yield per Unit of Duration 1996-2016

Yield per Unit of Duration 1996-2016.PNG

Asset Location Priority List

Asset Location Priority List.PNG

Global Value Factor Drawdown 1990-2017

Global Value Factor Drawdown 1990-2017.PNG

Global Value Factor Valuation Spread 1990-2018

Global Value Factor Valuation Spread 1990-2018.PNG

New Single-Family Home Sales

New Single-Family Home Sales.PNG

Equity Valuation by Country

Equity Valuation by Country.PNG

Four Bad Bears Total Returns Adjusted for inflation

Four Bad Bears Total Returns Adjusted for inflation.PNG

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