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Relative Growth of ICE BofAML High Yield Cash Pay Index to ICE BofAML 15+ Year Treasury Index Since 1985

Relative Growth of ICE BofAML High Yield Cash Pay Index to ICE BofAML 15+ Year Treasury Index Since 1985.PNG

US Total Job Openings Surpass Total Unemployed Since 2004

US Total Job Openings Surpass Total Unemployed Since 2004.PNG

US Labor Market Overheating

US Labor Market Overheating.PNG

US Core CPI and NY Fed Underlying Inflation Gauge Since 1999

US Core CPI and NY Fed Underlying Inflation Gauge Since 1999.PNG

Relative Growth of ICE BofAML Corporate Index to ICE BofAML Treasury Index Since 1985

Relative Growth of ICE BofAML Corporate Index to ICE BofAML Treasury Index Since 1985.PNG

Indexing vs Active Management Since 2000

Indexing vs Active Management Since 2000.PNG

2018 Update_ Median home Price and Salary Required in 25 Major Cities

2018 Update_ Median home Price and Salary Required in 25 Major Cities.PNG

Commodity Prices Since 1996

Commodity Prices Since 1996.PNG

Secular USD Downtrend Not Complete Since 1975

Secular USD Downtrend Not Complete Since 1975.PNG

Cape Ratios_ S&P 500 vs MSCI Emerging Markets Since 2003

Cape Ratios_ S&P 500 vs MSCI Emerging Markets Since 2003.PNG

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