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How Do the “Top” Stock Do?

How Do the “Top” Stock Do..PNG

Is Now a Good Time to be Passive in US Equities?

Is Now a Good Time to be Passive in US Equities..PNG

Federal Funds Target Rate v.s. S&P 500 Index

Federal Funds Target Rate v.s. S&P 500 Index.PNG

International Equities vs. US Equities

International Equities vs. US Equities.PNG

S&P 500 Price to Earnings from 1927 to 2017

S&P 500 Price to Earnings from 1927 to 2017.PNG

Cross-asset Yields Across Fixed Income Exposures

Cross-asset Yields Across Fixed Income Exposures.PNG

Fixed Income Securities Market Line, 2012 vs. 2018

Fixed Income Securities Market Line, 2012 vs. 2018.PNG

U.S. Yield Curve vs. Unemployment Gap, 1953-2018

U.S. Yield Curve vs. Unemployment Gap, 1953-2018.PNG

The Historical Decline of Global Financial Risk from 1981 to 2011

The Historical Decline of Global Financial Risk from 1981 to 2011.PNG

Forward-looking Returns Are Closely Correlated to Starting Valuations

Forward-looking Returns Are Closely Correlated to Starting Valuations.PNG

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