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Global growth optimism at all time lows since 1994

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US % of global stock market (MSCI ACWI) since 2002

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Change in 10-year Treasury yield during 10%+ S&P 500 corrections (1997-2022)

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Change in 10-year Treasury yield during 10%+ S&P 500 corrections (1965-1995)

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US Bloomberg aggregate bond index returns in quarters where the S&P 500 had negative returns since 1977

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Russell 2000 value and growth shifted median relative LTM EV/EBIT

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Cambridge US PE index vs. Russell 2000 index

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Relationship between 10yr UST yield and domestic equity earnings yield 3-year rolling correlation 1885-2015

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The worst drawdown on record for global fixed income since 2002

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Model-based recession probability since 1976

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