Homeownership Disparity Deepens

Homeownership Disparity Deepens Since 1994, the gap between blacks and whites has widened, in part because starter-home prices have exploded, year after year. Inequality: you may also like “U.S. Unemployment Rate: Black or African Americans” and  “U.S. Net Worth by Wealth Bracket” and “Countries With the Highest Housing Bubble Risks.” Picture Source: Bloomberg

Are Small Cap Stocks Overvalued?

Are Small Cap Stocks Overvalued? Small Cap Stocks Valuation: based on the forward PE ratio, the valuation of small cap stocks seems reasonable, with no sign of bubble. You may also like our “Stock Market Valuation.” Image: Bianco Research

S&P 500 Growth Index / S&P 500 Value Index

S&P 500 Growth Index / S&P 500 Value Index The Value vs. Growth differential has overshot the previous extreme at the height of the Dotcom bubble. You may also like “Will Value Ever Outperform Growth?” and “The Value vs. Growth Differential Has Never Been So Extreme.” Image: Bloomberg

Global Bond Market

Global Bond Market This chart shows the growing global “bond bubble.” Since 2000, the global bond market has tripled in size. Image: J.P. Morgan Asset Management

U.S. Stock Ownership Still Below Pre-Recession Levels

U.S. Stock Ownership Still Below Pre-Recession Levels Despite the strong performance of stocks since 2009, U.S. stock ownership remains lower than it was before the Great Recession or the Dotcom bubble. Image: Gallup

Record Valuation Dispersion 1951-2017

Record Valuation Dispersion 1951-2017 Today, there’s an extreme valuation divergence. The crowd invests in the most expensive part of the market. And the Value vs. Growth differential has never been so extreme, even during the Great Depression and the Dotcom bubble. Source: Sound Shore Management

The Value vs. Growth Differential Has Never Been So Extreme

The Value vs. Growth Differential Has Never Been So Extreme The Value vs. Growth differential has never been so extreme, even during the Great Depression and the Dotcom bubble. Chasing growth usually ends badly! Image: Woodford Investment Management Ltd

Why Warren Buffett Says That Stocks Are Generally Better Than Bonds?

Why Warren Buffett says that stocks are generally better than bonds? Our equity risk premium model shows when the US stock market return for the next 10 years is more or less attractive than the 10-Year Treasury Note. Since 1970, the 10-year Treasury Note was less attractive than the US stock market over a 10-year…