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Valuation

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MSCI Emerging Markets Relative to GDP

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MSCI Emerging Markets Relative to MSCI World P/E

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S&P 500 Valuation at Bull Market Peaks

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Cumulative Net Flows into Equity vs. Bond Mutual Funds & ETFs

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Shiller's Cyclically-Adjusted P/E vs. Bond "P/E"

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German Bunds vs. U.S. Treasuries

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Global Bond Yield Change

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Shiller P/E for Developed Equity Markets vs. Historical Ranges

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P/B Discount of MSCI Europe vs. S&P 500

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S&P 500 Normalized P/E At Bull Market Peaks (1957 To Date)

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