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Amherst home price appreciation (HPA) index and fundamental value (Dec 1994- Nov 2021)

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Real home prices have continued to climb for nearly a decade

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Average hourly earnings (dollars per hour) since 1964

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10-worst single-day percent declines for US stocks 1980-2020

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Housing affordability driving US homeownership down and the number of renters up

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Growth of a dollar - MSCI world index (net dividends) 1970-2020

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Select geopolitical events since 1970 and S&P 500 returns (%)

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History of inflation since 1957

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Hypothetical investment of $10,000 in the S&P 500 index over the last 20 years (2001-2020)

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US stocks are up 15.2% over the last 5 years

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