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Value Stocks Are Very Cheap Relative to History

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Credit markets had a terrible week

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Value Premium in the U.S. (1927-2018)

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Global stocks ex-US are trading at a 20-year low

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Developed Market Central Bank Policy Rate

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It was the worst week since 2008 for the HFRX Global Hedge Fund Index

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U.S. Housing supply and affordability

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US stock market volatility has not been this extreme since Black Mondays in 1987 and 1929

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Global economy has been in a slowdown since April 2018

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The Median US stock is down over 50% from its highs

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