50 Years of Abnormal Bond Moves Behind One Bull Case for Stocks

  • S&P 500’s excess return in bottom third of all years since ’26
  • Mean reversion theory suggests equity outperformance not over

What Are the Biggest Risks for Markets?

Looking for a reason to buy equities 7 1/2 years into a bull market? Consider a study that examines an imbalance in stock and bond prices that stretches back half a century.

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