Economy

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Assets are dominant in the World Portfolio, both in equities and bonds

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Cumulative Price Increases in the US over the Last 5 Years

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Top 40 Jobs Most Exposed to AI

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EM local debt has dominated DM debt alternatives in diversifying away from the USD

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Outperformance by Morningstar Category: Short-Term Bond vs. Ultrashort Bonds (%)

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Phaseouts and breakpoints (MFJ)

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U.S. Shiller PE today is second only to the tech bubble

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BBB Spreads And US Recession Periods

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Average Credit Spreads

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Value is extremely cheap

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