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Returns

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7-Year Global Real Return Equity Forcasts

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Active Manages Add Value Across the Board

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Net Cash Flows For Bonds and Equity Mutual Funds

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Active Managers Add Value in Rising and Falling Markets

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S&P 500 Historical Bull Markets 1928 to Present

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S&P 500 Rolling 10-Year Returns

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The Longest Post-War Bull Market

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Best Six Year Performance in the S&P500 since 1929 and 1999

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Highest P/E in 135 years except for 1929 and 2000!

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Real Earnings and 10-year Trend in Earnings

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