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\"\"<\/figure>\n\n\n\n

Sources<\/em>: Index Returns: Morningstar Workstation. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. Three, five- and 10- year<\/em> returns are annualized excluding dividends.<\/em> Interest Rates: Federal Reserve, Mortgage Bankers Association.<\/em><\/p>\n\n\n\n

MARKET HEAT MAP<\/strong><\/p>\n\n\n\n

The health of the U.S. economy is a key driver of long-term returns in the stock market. Below, we grade key economic conditions that we believe are of particular importance to investors.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The \u201cHeat Map\u201d is a subjective analysis based upon metrics that VNFA\u2019s investment committee believes are important to financial markets and the economy. The \u201cHeat Map\u201d is designed for informational purposes only and is not intended for use as a basis for investment decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sources: Index Returns: Morningstar Workstation. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. Three, five- and 10- year returns are annualized excluding dividends. Interest Rates: Federal Reserve, Mortgage Bankers Association. 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