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Long-term capital appreciation

Long-term capital appreciation.png

Growth vs. Value performance

Growth vs. Value performance.png

Foreign exchange reserves/GDP, Jan 1960-Dec 2016

Foreign exchange reserves:GDP, Jan 1960-Dec 2016.png

Fed funds target, market and FOMC forecasts

Fed funds target, market and FOMC forecast.png

Current expansion is the second longest post-war

Current expansion is the second longest post-war.png

Could thoughtfully sequencing withdrawals and social security improve retirement outcomes?

Could thoughtfully sequencing withdrawals and social security improve retirement outcomes?.png

Business sentiment and capital investment still favorable

Business sentiment and capital investment still favorable.png

Municipal bonds have held up amid equity disruptions

Municipal bonds have held up amid equity disruptions.png

MSCI EAFE index NTM P/E relative to MSCI USA index from 1999

MSCI EAFE index NTM P:E relative to MSCI USA index from 1999.png

Valuations strongly favor Emerging Markets vs. U.S.

Valuations strongly favor EM vs. U.S..png

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