Mullaney Keating & Wright

Strategic Asset Allocation

• The Randomness of Returns
• World of Opportunity in Equities
• World of Opportunity in Fixed Income
• Market Timing is Risky
• Stocks vs. Bonds
• World Economies

Equity Performance Factors

• 5 Year Value Premium
• 5 Year Moving Average of US Market Premium
• 5 Year Moving Average of US Size Premium
• Reacting Can Hurt Performance
• Dimensions of Expected Returns