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Exhibit: 60/40 - "Lost Decades" Are More Common Than You Think

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Equity returns over the past five years are all about the Mag 7

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US Stocks vs Bonds Returns 1926-2022

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S&P 500 Bear Markets (defined by 20% Peak to Trough Decline): 1929-Present

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Market Crash Timeline: Growth of $1 and the US Stock Market's Real Peak Values

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Annualized Return Over Next 3 Years Emerging Markets

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Gold - Annual Returns

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Google search interest and stockmarket returns of selected themes

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Best Asset Classes

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S&P 500 CAPE ratio with subsequent 5yr annualized returns

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