Economy

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Valuations vs Allocations

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Valuations vs Allocations

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The Hypothetical Impact and Falling Rates on Treasuries (%, as of 9/30/25)

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The Hypothetical Impact and Falling Rates on Treasuries (%, as of 9/30/25)

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The Hypothetical Impact and Falling Rates on Treasuries (%, as of 9/30/25)

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US and European Equities used to travel a very similar path

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Assets are dominant in the World Portfolio, both in equities and bonds

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Cumulative Price Increases in the US over the Last 5 Years

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Top 40 Jobs Most Exposed to AI

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EM local debt has dominated DM debt alternatives in diversifying away from the USD

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