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Active Manager Outperformance in International Small Caps 1995-2020

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10-Year Correlation Between Bonds 2010-2020

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Stock market overvalued versus income


Daily average trades for retail brokers 2019-2020

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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


Annualized Return 2020

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EMs do best at the beginning of global expansions


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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