Economy

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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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U.S. tax receipts as % GDP

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Diversified Portfolio and S&P 500 Index Returns 1999-2020

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Median Household Income, by Metro Area and Race Source: Moody's Analytics

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European, EM Equities Projected To Have Highest Prospective Returns 2020

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U.S. budget deficit and U.S. unemployment

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