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S&P 500 index returns vs. Bloomberg commodities index

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Five-year returns have closely tracked yield at start of period

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High-yield defaults are at historical lows

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Stocks vs. real estate since 1964

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Apart from 1962, this has been the worst first half since the depression (1932) for equities

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History in the making: The worst first half for treasuries since 1788

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Performance of various asset classes when volatility is high (1973-12/31/2021)

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Performance of various asset classes when inflation is high (1973-12/31/2021)

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Performance of various asset classes when inflation is rising (1973-12/31/2021)

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Performance of various asset classes in treasury bear markets (1973-12/31/2021)

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