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Economy

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Price-to-book ratio, June 1926-November 2022

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Nominal yield curves unhedged

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Recent value performance in context July 1926-November 2022

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MSCI EM vs. US dollar index (DXY) January 2002-December 2007

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The best year for value index outperformance since the popping of the tech bubble

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Dow Jones industrial average since 1780

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MSCI indices relative price performance in local currency

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Housing is slowing down quickly

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Annual percent change in the US population since 1901 and percent of 65 and over since 1950

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Outsized inflation required outsized hikes

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