Returns

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5 Year Treasury Yields vs. 5 Year Returns

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Bond Market Returns by Decade

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High Yield Bond Spread

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S&P 500 Peak EPS Yield vs. BAA Yield

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Components of S&P 500 10-Year Rolling Real Returns

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S&P 500 Valuations vs. Future 10-Year Real Returns

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S&P 500 Valuations vs. Earnings and Free Cash Flow Over Time

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S&P 500 Valuation Multiples (08/2025) vs. Historical

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Subsequent international equity relative performance after periods of out and underperformance (1970-July 2025)

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Distribution of returns for US stocks(top) and bonds(bottom), 1800-2024

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