Desk tool
Compare two graphics
Put two live series on the same desk. Toggle type, log, index-100, crop the years. Nothing here is a forecast overlay — each chart keeps its own units and sources.
The year stocks and bonds occupied the same quadrant
Each bubble is a calendar year. X is Damodaran’s S&P total return. Y is his 10-year Treasury. Size is gold. 2008 is the upper-left hedge. 2022 sits on the 45-degree line, both down 18%.
−18.0 / −17.8S&P and 10-year Treasuries, 2022
The same six assets. Two crashes. One of them changed jobs.
X is Damodaran’s 2008 calendar return. Y is 2022. Size is how far the job changed. Treasuries are the outlier: +20% in the GFC, −18% in the rate shock. The S&P just fell twice.
+20 → −1810-year Treasuries, 2008 then 2022