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Commodity cycles have been shortening since 1803

Commodity cycles have been shortening since 1803.png

Commodities tend to run opposite of equities

Commodities tend to run opposite of equities.png

International markets: bulls and bears

International markets bulls and bears.png

By our measures this bull is the longest on record

By our measures this bull is the longest on record.png

Performance of stocks and bonds in rising rate environments since 2001

Performance of stocks and bonds in rising rate environments since 2001.png

Forward valuations are near longer-term averages since 2000

Forward valuations are near longer-term averages since 2000.png

Housing data is mixed

Housing data is mixed.png

Population, gross domestic product, stock capitalization and bond outstanding

Population, gross domestic product, stock capitalization and bond outstanding.png

Corporate credit

Corporate credit.png

New York Fed recession probability model since 1960

New York Fed recession probability model since 1960.png

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