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U.S. 10-Year Returns Around Fed Cuts

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Returns of U.S. Stocks, Govt. Bonds and Gold since 1800

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S&P 500 1-Year Return from Various VIX Index Levels

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U.S. Bear Markets (S&P 500)

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Worst 2-day price moves since 1950

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Expected Returns by Asset Class: Past 5 Years vs. Next 5 Years

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Relative Performance of U.S. Equities vs. Global Equities (1969–2024)

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Expected Return Ranges and Asset Class Correlations for Private Markets

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S&P 500 Trailing Free Cash Flow and Price (1985–2024)

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S&P 500 Trailing Free Cash Flow Yield (1985–2024)

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