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No safe space in the world of bonds

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The case for diversification

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Historically, the first halves of bull markets usually outperform the second

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FAMA/French total US market research index returns, July 1, 1926-December 31, 2021

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S&P 500 index total returns in USD, January 1926-September 2022

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S&P 500 / emerging markets

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S&P 500/MSCI emerging markets and US dollar

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Quintiles of valuation in top 1,000 US stocks since 1983

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Bloomberg US aggregate bond index's yield to worst versus S&P 500's dividend yield since December 2002

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Historically, the longer the time horizon the more likely you are of making money

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