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Near record valuation for Ba-rated debt relative to Baa

Submitted by Your Personal CFO - Bourbon Financial Management on July 20th, 2020

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Annualized Return 2020

Submitted by Your Personal CFO - Bourbon Financial Management on July 20th, 2020

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EMs do best at the beginning of global expansions

Submitted by Your Personal CFO - Bourbon Financial Management on July 19th, 2020

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Income and Spending Pressures Usher In a New Age of Frugality

Submitted by Your Personal CFO - Bourbon Financial Management on July 18th, 2020

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S&P 500 Value vs Growth: Price Performance 1975-2020

Submitted by Your Personal CFO - Bourbon Financial Management on July 18th, 2020

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Policy uncertainty remains the wild card

Submitted by Your Personal CFO - Bourbon Financial Management on July 18th, 2020

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Missing the Market's Best Days Has Been Costly 1990-2019

Submitted by Your Personal CFO - Bourbon Financial Management on July 18th, 2020

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Morningstar High Yield Category Returns vs. High Yield Spreads (1997-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on July 17th, 2020

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US Equities Recorded Their Largest Monthly Increase Since 1987 Despite Economic Woes (1969-2020)

Submitted by Your Personal CFO - Bourbon Financial Management on July 17th, 2020

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U.S. Corporate credit as % GDP

Submitted by Your Personal CFO - Bourbon Financial Management on July 17th, 2020

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