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Value Premiums Persist in any Region of the World

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Emerging Markets VS USA Relative Price-Earnings on 5 Years Normalized Earnings per Share

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Leuthold 3000 Universe - Median Price-Earning on 5 Years Normalized Earnings Per Share

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Contribution to U.S. CPI (2000-2016)

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Past Fed Hike Comparisons

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Social Security Will Run a Cumulative Cash Deficit of $2.8 Trillion Between Now and 2034

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Active Management has Fared Better During Corrections

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Active Managers Have Generally Outperformed in High Dispersion Markets

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Large Blend Funds: No Clear Winner in Active vs. Passive

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Active and Passive Outperformance Trends are Cyclical

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