Capitalytics

**Regression for Nominal disposable income growth**

	Dependent variable (+/- SE):

	Nominal disposable income growth

Constant	-36.568 (+/- 10.748)
	p = 0.002^***
SP500 Stock Price Index	0.012 (+/- 0.002)
	p = 0.00001^***
Unemployment Rate	9.607 (+/- 1.074)
	p = 0.000^***
20-year Treasury Yield	-42.539 (+/- 6.004)
	p = 0.00000^***
LN_10-year Treasury Yield	95.518 (+/- 12.098)
	p = 0.000^***

Observations	40
R²	0.699
Adjusted R²	0.665
Residual Std. Error	4.964 (df = 35)
F Statistic	20.363^*** (df = 4; 35)

Note:	^p<0.1; ^p<0.05; ^**p<0.01