The S&P 500's equity risk premium sitting at 2.41% tells an interesting story: US large-cap stocks are still the move compared to parking money in 10-year TIPS.

Here's the kicker – your capital doubles in roughly 17 years holding SPY. Same $100K in TIP? You're waiting 39 years. That's a massive gap.

When traditional finance shows this kind of disparity, it shifts how we think about portfolio construction. The risk-return trade-off keeps tilting toward equities, even when bond yields look tempting on the surface.