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US equity relative performance & US trade weighted nominal dollar since 1990

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S&P 500 index (logarithmic scale) since 1957

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US government bond yields as of October 3, 2022

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10-year yield vs. dollar annual rates of change since 1971

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Wealth over time with and without rebalancing since 1966

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Cumulative change in real S&P 500 & real profits since 1955

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S&P 500 rolling returns: 1926-2022

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Valuation: China vs. ACWI US

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Equity NTM FCF yield vs. BAA bond yield since 2008

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S&P 500 trailing free cash yield vs. annualized total return over the next decade since 1985

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