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Economy

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A decade of patience in the 60's was handsomely rewarded in the 70's

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Gold/S&P 500 ratio since 1990

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DXY vs three-month interest rate differential between US and the UK, Germany, and Japan since 1990

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Russell 1000 value/growth annual % change is its second-greatest greatest since 1978

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Russell 1000 value/growth is perking up off extreme lows in 2020

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Forward P/E discount: DM ex-US and EM relative to US since 2005

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The dollar remains significantly above fair value since 1973

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JP Morgan market recap 1/30/23

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2010-2022 default rates across US and European HY bonds and loans

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US HY bond and leveraged loan recovery rates % since 2000

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