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Economy

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It was the worst week since 2008 for the HFRX Global Hedge Fund Index

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U.S. Housing supply and affordability

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US stock market volatility has not been this extreme since Black Mondays in 1987 and 1929

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Global economy has been in a slowdown since April 2018

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The Median US stock is down over 50% from its highs

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Housing Market Index

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Rolling 10-Year relative returns

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This has been the sharpest sell-off in history (S&P500 decline since peak)

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Trailing 12 months return differential between U.S. and non-U.S. stocks

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International equity reduces the volatility of the portfolio

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