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Relative Growth Rate of Merrill High Yield Index To Merrill Treasury Index Since 1985

Relative Growth Rate of Merrill High Yield Index To Merrill Treasury Index Since 1985.PNG

Corporate Debt Levels Inconsistent with High Yield Spreads Since 1994

Corporate Debt Levels Inconsistent with High Yield Spreads Since 1994.PNG

Relative Growth Rate of Merrill Corporate Index to Merrill Treasury Index Since 1985

Relative Growth Rate of Merrill Corporate Index to Merrill Treasury Index Since 1985.PNG

US Wage Growth and Average Hourly Earnings Since 1997

US Wage Growth and Average Hourly Earnings Since 1997.PNG

Relative Growth of ICE BofAML High Yield Cash Pay Index to ICE BofAML 15+ Year Treasury Index Since 1985

Relative Growth of ICE BofAML High Yield Cash Pay Index to ICE BofAML 15+ Year Treasury Index Since 1985.PNG

US Total Job Openings Surpass Total Unemployed Since 2004

US Total Job Openings Surpass Total Unemployed Since 2004.PNG

US Labor Market Overheating

US Labor Market Overheating.PNG

US Core CPI and NY Fed Underlying Inflation Gauge Since 1999

US Core CPI and NY Fed Underlying Inflation Gauge Since 1999.PNG

Relative Growth of ICE BofAML Corporate Index to ICE BofAML Treasury Index Since 1985

Relative Growth of ICE BofAML Corporate Index to ICE BofAML Treasury Index Since 1985.PNG

Indexing vs Active Management Since 2000

Indexing vs Active Management Since 2000.PNG

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