Valuation

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Global funds allocation in EM equities relative to benchmark

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The stock market isn't offering great value

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Global Value vs. Growth

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Do earnings and dividends revert back to the mean? (Bureau of Labor Statistics 1949-2019)

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S&P500 vs. Financials

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Recessions are painful, but expansions have been powerful

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Shiller P/E ratio is still far away from lows in the past

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

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Normalized Composite Value Spread

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Relative Valuation (Value/Growth) US, International and Emerging Markets

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