The equity premium puzzle (EPP) highlights the unexpectedly high historical returns of stocks over Treasury bills. Explore ...

The size and direction of the risk premium signify secular shifts in capital markets returns and asset-allocation decisions. Since early 2024, as U.S. equity markets rallied to new highs and bond ...

There is a rising market risk in 2026 that is largely overlooked as we wrap up this year. “Outlooks can change rapidly,” which is a significant market risk, particularly when expectations and ...