Returns

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Asset Class returns (Bloomberg Data 2005-2019)

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S&P500 Drawdown

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Missing the best days of the market over the past 20 years (JPM Data 1999-2018)

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The Worst Days Have Been Usually Followed by The Best Days (FactSet 1982-2020)

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Value Outperforms During Recoveries (Research Affiliates 1974-2009)

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Every Dow Drawdown Greater Than 80% (Bloomberg 1919-2020)

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U.S. 10Y Yields

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S&P 500 vs. Financials (Bloomberg Data 2007-2020)

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Stocks have trended higher regardless of which party has been in office (Morningstar Data 1933-2018)

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Value Is Not Unique... All Factors Have Long Dry Spells ( Research Affiliates 1962-2018)

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