Exploring Asset Allocation, Portfolio Returns, Asset Class Returns, Indices and Portfolio Construction
Chart Excerpt
Balanced Composite Index, 2020 Q3 YTD Returns
There have been five major bear markets in the S&P since the Depression, with each one experiencing rallies along the way that turned out to be false dawns.
"For the first time in years of quantitative publications, we argue that the usual irrelevant noise of daily fluctuations becomes now immensely informative."
Annual Returns for Key Indices Ranked in Order of Performance (2000–2019)