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Bears of shapes and sizes

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Range of annual realized volatility for the S&P 500 over the past 90 years

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High quality fixed income offers stronger value than in the past decade

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Market history: Growth of $1 and the US stock market's real peak value, January 1871 - May 2022

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Largest real declines in US stock market history, January 1871 - May 2022

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Comparison of historical horizon returns as of December 31, 2021

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Portfolio risk/return profile 25 years ended 9/30/21

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Russell 2000 index vs. the S&P 500 index trailing P/E ratios, 1/31/98-5/31/22 (%)

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S&P 500 down years (1977-2022)

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STOXX Europe 600 avec et sans dividendes et performances annunalisées du STOXX 600

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