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Housing affordability deterioration especially notable during the pandemic

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Index funds' annualized return advantage versus low-cost active funds, February 2008-January 2023

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Index funds versus low-cost active funds, February 2008-January 2023

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Percent of countries with inverted yield curves since 1995

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10-year rate vs. 10-year rate forecasts from Fed's survey of professional forecasters since 2003

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Annualized returns over different time frames of long bonds, 5-year treasuries, and 1-month T-bills

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Vanguard 10-year outlook annualized returns

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Interest rate regimes: 1926-2022

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Real annualized returns (%) on equities versus bonds and bills internationally, 1900-2022

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S&P 500 index peak-to-trough performance from all time highs

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