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Shiller P/E Remains Above All But 1929, 2000, 2021 Peaks Since 1881

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U.S. Market Cap/Gross Value Added Since 1946

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S&P 500 equity risk premium (ERP), 1926-2023

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Volatility-adjusted U.S. agency mortgage-backed securities (MBS) spreads since 1995

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In the long run, stock prices go up since 1824

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U.S. Small Cap VS. U.S. Large Cap Since 2000

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Small Cap Relative Valuations Have Become Attractive Since 1976

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U.S. Small Cap Quality Performance Since 1976

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7-Year Asset Class Real Return Forecasts

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