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Euro Area Stocks Are Relatively Inexpensive

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Market Annual Returns - Distribution of S&P500 Total Returns since 1926

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Recovery Plateauing 2020

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"Lost Decades" often follow strong trends

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Federal Debt Held by the Public Since 1790

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The 2010s was the first post-war decade without a U.S. recession

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Missing the best days can drastically reduce returns

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V-Shaped Recovery In Prices In The S&P 500 (2020)

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S&P500 performance, past 10 years vs. past 50 years prior to 2010

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U.S. Dollar Cycle

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