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Expect lower returns for longer

Expect lower returns for longer.png

Equity sector compositions have changed over time

Equity sector compositions have changed over time.png

Emerging markets are projected to grow faster than developed markets

Emerging Markets Are Projected to Grow Faster than Developed Markets.png

Emerging markets are more than a commodity play

Emerging Markets Are More Than a Commodity Play.png

Easy monetary policy has pushed household wealth to record highs

Easy Monetary Policy Has Pushed Household Wealth to Record Highs.png

Commodity cycles have been shortening from 1803

  • COMMODITY CYCLES HAVE BEEN SHORTENING.png

By our measures this bull is the longest on record

BY OUR MEASURES THIS BULL IS THE LONGEST ON RECORD.png

A correction is no reason to exit the market

A CORRECTION IS NO REASON TO EXIT THE MARKET.png

US stocks Jan 1872 - Apr 2019 Shiller CAPE ratio

US Stocks Jan 1872 - Apr 2019 Shiller CAPE Ratio.png

The challenge - capturing cyclical differences in performance between securities

The Challenge - Capturing Cyclical Differences in Performance Between Securities.png

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