Economy

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The Consistency of the small Cap Premium 1995-2020

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Near record valuation for Ba-rated debt relative to Baa

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Annualized Return 2020

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EMs do best at the beginning of global expansions

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Income and Spending Pressures Usher In a New Age of Frugality

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S&P 500 Value vs Growth: Price Performance 1975-2020

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Policy uncertainty remains the wild card

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U.S. Corporate credit as % GDP

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Value and Growth Premiums Over 5- Year Rolling Periods 1990-2019

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U.S. 10Y yields

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