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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

Declines Associated with recessions & Declines without a recession

Declines Associated with recessions & Declines without a recession.PNG

The world’s largest economies (based on PPP), 1820-2050E

The world’s largest economies (based on PPP), 1820-2050E.PNG

Emerging Markets vs. US

Emerging Markets vs. US.PNG

Current expansion: Fifth set, no tie break?

Current expansion_ Fifth set, no tie break.PNG

From synchronized acceleration to synchronized deceleration

From synchronized acceleration to synchronized deceleration.PNG

Fed “Dot Plot”

Fed “Dot Plot”.PNG

Market Cap Distribution-Small Cap Indexes

Market Cap Distribution-Small Cap Indexes.PNG

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