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Is a US Recession Coming?

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None of the Traditional Recession Signs Are Present

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Recessions Normally Start With a Flat/Negative Yield Curve (1976-2014)...

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Small Cap Has Outperformed in 13 of the Last 16 Years

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History Suggests that Small Stocks Could Outperform for Another 2 Years

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Small Cap Has Given Positive Returns Over the Past 4 Years

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Europe Has Rarely Been As Cheap As It Is Today vs. The US

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Margins Could Soon be Bottoming Out in Europe (1990-2016)

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European Small Cap is Becoming Attractive with P/E ratios but Premium Vs. Large Cap Below Historical Average

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Growth is Continuing to Recover After 2 Years of Underperformance

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