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CHART OF THE DAY: INVESTING BASED ON THE YIELD CURVE

Today’s Chart (or table) of the day comes to us via Mebane Faber at World Beta.  He put together an excellent table showing the annualized average monthly by asset class as they pertain to the steepness of the yield curve.  The study dates back to 1973.  The results are interesting to say the least:

Source: World Beta

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