Economy

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Average of the four valuation indicators since 1900

Average of the four valuation indicators since 1900.png

10-year nominal total return

10-year nominal total return.png

Key contributors to NBER-Dated U.S. recessions

Key contributors to NBER-Dated U.S. recessions.png

Gold can experience short rallies within a bear supercycle

Gold can experience short rallies within a bear supercycle.png

Gold vs. bonds, stocks, and home prices

Gold vs. bonds, stocks, and home prices.png

Commodity cycles have been shortening since 1803

Commodity cycles have been shortening since 1803.png

Commodities tend to run opposite of equities

Commodities tend to run opposite of equities.png

International markets: bulls and bears

International markets bulls and bears.png

By our measures this bull is the longest on record

By our measures this bull is the longest on record.png

Housing data is mixed

Housing data is mixed.png

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