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Economy

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Global equity and fixed income 10-year outlook

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Stock markets have weathered previous rising-rate periods

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The bond market has historically weathered rate hikes

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Price-to-book ratio, June 1989-June 2022

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US real GDP % change from previous quarter, seasonally adjusted annual rate since 1972

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Fixed income now offering attractive starting yield levels

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Change in CPI vs. change in median sale price of houses, 1970-2020

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A long-term perspective on market downturns since 1926

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A closer look at historical bear markets since 1926

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Real fed funds rate since 1960

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