{"text_format":"1","workbook":"xlsx","n_sheets":2,"sheets":["Inputs","Random Numbers"],"not_rendered":{"charts":0,"images":0,"macros":1,"external_links":0,"defined_names":67,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"Inputs","index":0,"n_rows":79,"n_cols":38,"rows_kept":79,"cut":false,"hidden":false,"merged":[]}
[null,null,null,null,"(10000 s, 50 y)"]
[null,"starting state:",1,null,"runtime: 1 min, 42 sec"]
[null,"years:",50,null,null,null,"S&P 500",null,"US Large Cap Stocks",null,null,null,"Corr 1","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV",null,"Cov Matrix 1","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV",null,"Cholesky 1","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV"]
[null,"scenarios:",10000,null,null,null,"μ1:",0.13076121862296478,"σ1:",0.27918806333110169,null,null,"S&P 500",1,{"$f":"N5","v":0.81182889188537855},{"$f":"N6","v":0.75398298328493485},{"$f":"N7","v":0.50293790073665823},{"$f":"N8","v":0.45472782126428291},{"$f":"N9","v":0.9336672187979036},{"$f":"N10","v":0.93134702788353196},null,"S&P 500",{"$f":"ROUND(N4*sp_sd_1*sp_sd_1, 3)","v":7.8E-2},{"$f":"W5","v":8.8999999999999996E-2},{"$f":"W6","v":8.8999999999999996E-2},{"$f":"W7","v":5.3999999999999999E-2},{"$f":"W8","v":7.1999999999999995E-2},{"$f":"W9","v":0.08},{"$f":"W10","v":7.3999999999999996E-2},null,"S&P 500",0.27929999999999999,0,0,0,0,0,0]
[null,null,null,null,null,null,"μ2:",3.1084907030120068E-2,"σ2:",0.62389588047892153,null,null,"NSDQ",0.81182889188537855,1,{"$f":"O6","v":0.83331477922675845},{"$f":"O7","v":0.38133592593363647},{"$f":"O8","v":0.43784427423391087},{"$f":"O9","v":0.89568463783022123},{"$f":"O10","v":0.67509092703265472},null,"NSDQ",{"$f":"ROUND(N5*sp_sd_1*nsdq_sd_1, 3)","v":8.8999999999999996E-2},{"$f":"ROUND(O5*nsdq_sd_1*nsdq_sd_1, 3)","v":0.155},{"$f":"X6","v":0.13900000000000001},{"$f":"X7","v":5.8000000000000003E-2},{"$f":"X8","v":9.8000000000000004E-2},{"$f":"X9","v":0.108},{"$f":"X10","v":7.5999999999999998E-2},null,"NSDQ",0.31869999999999998,0.23119999999999999,0,0,0,0,0]
[null,"Regime 3 Adjustable Values:",null,null,null,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8},null,null,"R2k",0.75398298328493485,0.83331477922675845,1,{"$f":"P7","v":0.38022407327074398},{"$f":"P8","v":0.41250350647394024},{"$f":"P9","v":0.73556913396291423},{"$f":"P10","v":0.74981270427103774},null,"R2k",{"$f":"ROUND(N6*sp_sd_1*rus2k_sd_1, 3)","v":8.8999999999999996E-2},{"$f":"ROUND(O6*nsdq_sd_1*rus2k_sd_1, 3)","v":0.13900000000000001},{"$f":"ROUND(P6*rus2k_sd_1*rus2k_sd_1, 3)","v":0.18099999999999999},{"$f":"Y7","v":6.2E-2},{"$f":"Y8","v":9.9000000000000005E-2},{"$f":"Y9","v":9.5000000000000001E-2},{"$f":"Y10","v":9.0999999999999998E-2},null,"R2k",0.31869999999999998,0.16200000000000001,0.23069999999999999,0,0,0,0]
[null,"μ3:",-0.05,null,null,null,null,null,null,null,null,null,"EAFE",0.50293790073665823,0.38133592593363647,0.38022407327074398,1,{"$f":"Q8","v":0.50011125395310063},{"$f":"Q9","v":0.42855209958564422},{"$f":"Q10","v":0.49161184569656141},null,"EAFE",{"$f":"ROUND(N7*sp_sd_1*msci_eafe_sd_1, 3)","v":5.3999999999999999E-2},{"$f":"ROUND(O7*nsdq_sd_1*msci_eafe_sd_1, 3)","v":5.8000000000000003E-2},{"$f":"ROUND(P7*rus2k_sd_1*msci_eafe_sd_1, 3)","v":6.2E-2},{"$f":"ROUND(Q7*msci_eafe_sd_1*msci_eafe_sd_1, 3)","v":0.14899999999999999},{"$f":"Z8","v":0.109},{"$f":"Z9","v":5.0999999999999997E-2},{"$f":"Z10","v":5.3999999999999999E-2},null,"EAFE",0.19339999999999999,-1.5599999999999999E-2,1.26E-2,0.33350000000000002,0,0,0]
[null,"σ3:",0.8,null,null,null,"NASDAQ",null,"US Large Cap Tech Stocks",null,null,null,"EM",0.45472782126428291,0.43784427423391087,0.41250350647394024,0.50011125395310063,1,{"$f":"R9","v":0.4174157222274848},{"$f":"R10","v":0.44711772775214437},null,"EM",{"$f":"ROUND(N8*sp_sd_1*msci_em_sd_1, 3)","v":7.1999999999999995E-2},{"$f":"ROUND(O8*nsdq_sd_1*msci_em_sd_1, 3)","v":9.8000000000000004E-2},{"$f":"ROUND(P8*rus2k_sd_1*msci_em_sd_1, 3)","v":9.9000000000000005E-2},{"$f":"ROUND(Q8*msci_eafe_sd_1*msci_em_sd_1, 3)","v":0.109},{"$f":"ROUND(R8*msci_em_sd_1*msci_em_sd_1, 3)","v":0.32},{"$f":"AA9","v":7.1999999999999995E-2},{"$f":"AA10","v":7.1999999999999995E-2},null,"EM",0.25779999999999997,6.8500000000000005E-2,2.4899999999999999E-2,0.1797,0.4647,0,0]
[null,"t13",0,null,null,null,"μ1:",0.15817462595625639,"σ1:",0.3937552364617698,null,null,"R1kG",0.9336672187979036,0.89568463783022123,0.73556913396291423,0.42855209958564422,0.4174157222274848,1,{"$f":"S10","v":0.75643942101649031},null,"R1kG",{"$f":"ROUND(N9*sp_sd_1*rus1kg_sd_1, 3)","v":0.08},{"$f":"ROUND(O9*nsdq_sd_1*rus1kg_sd_1, 3)","v":0.108},{"$f":"ROUND(P9*rus2k_sd_1*rus1kg_sd_1, 3)","v":9.5000000000000001E-2},{"$f":"ROUND(Q9*msci_eafe_sd_1*rus1kg_sd_1, 3)","v":5.0999999999999997E-2},{"$f":"ROUND(R9*msci_em_sd_1*rus1kg_sd_1, 3)","v":7.1999999999999995E-2},{"$f":"ROUND(S9*rus1kg_sd_1*rus1kg_sd_1, 3)","v":9.2999999999999999E-2},{"$f":"AB10","v":6.6000000000000003E-2},null,"R1kG",0.28639999999999999,7.2300000000000003E-2,-3.4700000000000002E-2,-8.3999999999999995E-3,-9.4999999999999998E-3,6.6000000000000003E-2,0]
[null,"t23",0,null,null,null,"μ2:",4.5639206298777324E-2,"σ2:",0.96968891697602555,null,null,"R1kV",0.93134702788353196,0.67509092703265472,0.74981270427103774,0.49161184569656141,0.44711772775214437,0.75643942101649031,1,null,"R1kV",{"$f":"ROUND(N10*sp_sd_1*rus1kv_sd_1, 3)","v":7.3999999999999996E-2},{"$f":"ROUND(O10*rus1kv_sd_1*nsdq_sd_1, 3)","v":7.5999999999999998E-2},{"$f":"ROUND(P10*rus2k_sd_1*rus1kv_sd_1, 3)","v":9.0999999999999998E-2},{"$f":"ROUND(Q10*msci_eafe_sd_1*rus1kv_sd_1, 3)","v":5.3999999999999999E-2},{"$f":"ROUND(R10*msci_em_sd_1*rus1kv_sd_1, 3)","v":7.1999999999999995E-2},{"$f":"ROUND(S10*rus1kg_sd_1*rus1kv_sd_1, 3)","v":6.6000000000000003E-2},{"$f":"ROUND(T10*rus1kv_sd_1*rus1kv_sd_1, 3)","v":8.1000000000000003E-2},null,"R1kV",0.26500000000000001,-3.6499999999999998E-2,5.4100000000000002E-2,4.4999999999999997E-3,8.6999999999999994E-3,-7.9699999999999993E-2,9.1000000000000004E-3]
[null,"t31",0,null,null,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8}]
[null,"t32",0,null,null,null,null,null,null,null,null,null,"Corr 2","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV",null,"Cov Matrix 2","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV",null,"Cholesky 2","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV"]
[null,"t33",0,null,null,null,"Russell 2000",null,"US Small Cap Stocks",null,null,null,"S&P 500",1,{"$f":"N14","v":0.84744307416022413},{"$f":"N15","v":0.83628746170629886},{"$f":"N16","v":0.8009456611122634},{"$f":"N17","v":0.73884059025486293},{"$f":"N18","v":0.95787315357527203},{"$f":"N19","v":0.9455090981273222},null,"S&P 500",{"$f":"ROUND(N13*sp_sd_2*sp_sd_2, 3)","v":0.38900000000000001},{"$f":"W14","v":0.51300000000000001},{"$f":"W15","v":0.42},{"$f":"W16","v":0.35899999999999999},{"$f":"W17","v":0.443},{"$f":"W18","v":0.437},{"$f":"W19","v":0.36899999999999999},null,"S&P 500",0.62370000000000003,0,0,0,0,0,0]
[null,null,null,null,null,null,"μ1:",0.12840588483970844,"σ1:",0.4249087535035056,null,null,"NSDQ",0.84744307416022413,1,{"$f":"O15","v":0.86592918416122011},{"$f":"O16","v":0.68347828451684334},{"$f":"O17","v":0.70827928188716893},{"$f":"O18","v":0.9310417107532043},{"$f":"O19","v":0.68818841673091435},null,"NSDQ",{"$f":"ROUND(N14*sp_sd_2*nsdq_sd_2, 3)","v":0.51300000000000001},{"$f":"ROUND(O14*nsdq_sd_2*nsdq_sd_2, 3)","v":0.94},{"$f":"X15","v":0.67600000000000005},{"$f":"X16","v":0.47599999999999998},{"$f":"X17","v":0.66100000000000003},{"$f":"X18","v":0.66},{"$f":"X19","v":0.41799999999999998},null,"NSDQ",0.82250000000000001,0.51329999999999998,0,0,0,0,0]
[null,"Transitions:",null,"(PDF)",null,null,"μ2:",3.0659735203180449E-2,"σ2:",0.80563929387474342,null,null,"R2k",0.83628746170629886,0.86592918416122011,1,{"$f":"P16","v":0.72805121142304841},{"$f":"P17","v":0.74961156461422063},{"$f":"P18","v":0.82257096116474182},{"$f":"P19","v":0.80324038170611756},null,"R2k",{"$f":"ROUND(N15*sp_sd_2*rus2k_sd_2, 3)","v":0.42},{"$f":"ROUND(O15*nsdq_sd_2*rus2k_sd_2, 3)","v":0.67600000000000005},{"$f":"ROUND(P15*rus2k_sd_2*rus2k_sd_2, 3)","v":0.64900000000000002},{"$f":"Y16","v":0.42099999999999999},{"$f":"Y17","v":0.58099999999999996},{"$f":"Y18","v":0.48499999999999999},{"$f":"Y19","v":0.40500000000000003},null,"R2k",0.6734,0.2379,0.37269999999999998,0,0,0,0]
[null,null,1,2,3,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8},null,null,"EAFE",0.8009456611122634,0.68347828451684334,0.72805121142304841,1,{"$f":"Q17","v":0.78433295352332322},{"$f":"Q18","v":0.76335816102157317},{"$f":"Q19","v":0.76481351971121547},null,"EAFE",{"$f":"ROUND(N16*sp_sd_2*msci_eafe_sd_2, 3)","v":0.35899999999999999},{"$f":"ROUND(O16*nsdq_sd_2*msci_eafe_sd_2, 3)","v":0.47599999999999998},{"$f":"ROUND(P16*rus2k_sd_2*msci_eafe_sd_2, 3)","v":0.42099999999999999},{"$f":"ROUND(Q16*msci_eafe_sd_2*msci_eafe_sd_2, 3)","v":0.51600000000000001},{"$f":"Z17","v":0.54200000000000004},{"$f":"Z18","v":0.40100000000000002},{"$f":"Z19","v":0.34399999999999997},null,"EAFE",0.5756,5.0000000000000001E-3,8.6400000000000005E-2,0.4209,0,0,0]
[null,1,0.96511189399999997,3.4888106000000002E-2,{"$f":"prob_13","v":0},null,null,null,null,null,null,null,"EM",0.73884059025486293,0.70827928188716893,0.74961156461422063,0.78433295352332322,1,{"$f":"R18","v":0.72650160491657123},{"$f":"R19","v":0.70049052029645331},null,"EM",{"$f":"ROUND(N17*sp_sd_2*msci_em_sd_2, 3)","v":0.443},{"$f":"ROUND(O17*nsdq_sd_2*msci_em_sd_2, 3)","v":0.66100000000000003},{"$f":"ROUND(P17*rus2k_sd_2*msci_em_sd_2, 3)","v":0.58099999999999996},{"$f":"ROUND(Q17*msci_eafe_sd_2*msci_em_sd_2, 3)","v":0.54200000000000004},{"$f":"ROUND(R17*msci_em_sd_2*msci_em_sd_2, 3)","v":0.92500000000000004},{"$f":"AA18","v":0.51100000000000001},{"$f":"AA19","v":0.42199999999999999},null,"EM",0.71030000000000004,0.14960000000000001,0.18,0.27760000000000001,0.5373,0,0]
[null,2,3.6026334E-2,0.96397366600000001,{"$f":"prob_23","v":0},null,"MSCI EAFE",null,"International Large Cap",null,null,null,"R1kG",0.95787315357527203,0.9310417107532043,0.82257096116474182,0.76335816102157317,0.72650160491657123,1,{"$f":"S19","v":0.82082965163131461},null,"R1kG",{"$f":"ROUND(N18*sp_sd_2*rus1kg_sd_2, 3)","v":0.437},{"$f":"ROUND(O18*nsdq_sd_2*rus1kg_sd_2, 3)","v":0.66},{"$f":"ROUND(P18*rus2k_sd_2*rus1kg_sd_2, 3)","v":0.48499999999999999},{"$f":"ROUND(Q18*msci_eafe_sd_2*rus1kg_sd_2, 3)","v":0.40100000000000002},{"$f":"ROUND(R18*msci_em_sd_2*rus1kg_sd_2, 3)","v":0.51100000000000001},{"$f":"ROUND(S18*rus1kg_sd_2*rus1kg_sd_2, 3)","v":0.53500000000000003},{"$f":"AB19","v":0.376},null,"R1kG",0.70069999999999999,0.16309999999999999,-6.8699999999999997E-2,6.7000000000000002E-3,-1E-3,0.1128,0]
[null,3,{"$f":"prob_31","v":0},{"$f":"prob_32","v":0},{"$f":"prob_33","v":0},null,"μ1:",0.10752071929898874,"σ1:",0.38659360142554261,null,null,"R1kV",0.9455090981273222,0.68818841673091435,0.80324038170611756,0.76481351971121547,0.70049052029645331,0.82082965163131461,1,null,"R1kV",{"$f":"ROUND(N19*sp_sd_2*rus1kv_sd_2, 3)","v":0.36899999999999999},{"$f":"ROUND(O19*rus1kv_sd_2*nsdq_sd_2, 3)","v":0.41799999999999998},{"$f":"ROUND(P19*rus2k_sd_2*rus1kv_sd_2, 3)","v":0.40500000000000003},{"$f":"ROUND(Q19*msci_eafe_sd_2*rus1kv_sd_2, 3)","v":0.34399999999999997},{"$f":"ROUND(R19*msci_em_sd_2*rus1kv_sd_2, 3)","v":0.42199999999999999},{"$f":"ROUND(S19*rus1kg_sd_2*rus1kv_sd_2, 3)","v":0.376},{"$f":"ROUND(T19*rus1kv_sd_2*rus1kv_sd_2, 3)","v":0.39100000000000001},null,"R1kV",0.59160000000000001,-0.13370000000000001,0.10299999999999999,-1.1299999999999999E-2,1.1900000000000001E-2,-8.48E-2,7.0900000000000005E-2]
[null,null,null,null,null,null,"μ2:",-5.1741238085101511E-2,"σ2:",0.71807021286769024]
[null,null,null,null,null,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8},null,null,"Corr 3","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV",null,null,null,null,null,null,null,null,null,null,"Cholesky 3","S&P 500","NSDQ","R2k","EAFE","EM","R1kG","R1kV"]
[null,null,1,2,3,null,null,null,null,null,null,null,"S&P 500",1,{"$f":"N23","v":1},{"$f":"N24","v":1},{"$f":"N25","v":1},{"$f":"N26","v":1},{"$f":"N27","v":1},{"$f":"N28","v":1},null,null,null,null,null,null,null,null,null,null,"S&P 500",1,0,0,0,0,0,0]
[null,1,{"$f":"prob_11","v":0.96511189399999997},{"$f":"prob_11+prob_12","v":1},{"$f":"prob_11+prob_12+prob_13","v":1},null,"MSCI EM",null,"Emerging Markets",null,null,null,"NSDQ",1,1,{"$f":"O24","v":1},{"$f":"O25","v":1},{"$f":"O26","v":1},{"$f":"O27","v":1},{"$f":"O28","v":1},null,null,null,null,null,null,null,null,null,null,"NSDQ",1,1,0,0,0,0,0]
[null,2,{"$f":"prob_21","v":3.6026334E-2},{"$f":"prob_21+prob_22","v":1},{"$f":"prob_21+prob_22+prob_23","v":1},null,"μ1:",0.14622498098728706,"σ1:",0.56600105567138381,null,null,"R2k",1,1,1,{"$f":"P25","v":1},{"$f":"P26","v":1},{"$f":"P27","v":1},{"$f":"P28","v":1},null,null,null,null,null,null,null,null,null,null,"R2k",1,1,1,0,0,0,0]
[null,3,{"$f":"prob_31","v":0},{"$f":"prob_31+prob_32","v":0},{"$f":"prob_31+prob_32+prob_33","v":0},null,"μ2:",-3.1986033627695656E-3,"σ2:",0.96179423152710219,null,null,"EAFE",1,1,1,1,{"$f":"Q26","v":1},{"$f":"Q27","v":1},{"$f":"Q28","v":1},null,null,null,null,null,null,null,null,null,null,"EAFE",1,1,1,1,0,0,0]
[null,null,null,null,null,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8},null,null,"EM",1,1,1,1,1,{"$f":"R27","v":1},{"$f":"R28","v":1},null,null,null,null,null,null,null,null,null,null,"EM",1,1,1,1,1,0,0]
[null,null,"Regime 1:","Regime 2:","Regime 3:",null,null,null,null,null,null,null,"R1kG",1,1,1,1,1,1,{"$f":"S28","v":1},null,null,null,null,null,null,null,null,null,null,"R1kG",1,1,1,1,1,1,0]
[null,"State Count:",317733,182267,0,null,"Russell 1000 Growth",null,"Large Cap Growth",null,null,null,"R1kV",1,1,1,1,1,1,1,null,null,null,null,null,null,null,null,null,null,"R1kV",1,1,1,1,1,1,1]
[null,"Ratio of Total:",{"$f":"C28/(SUM(C28:E28))","v":0.63546599999999998},{"$f":"D28/(SUM(C28:E28))","v":0.36453400000000002},{"$f":"E28/(SUM(C28:E28))","v":0},null,"μ1:",0.13883044542012238,"σ1:",0.30510812352803751]
[null,"Steady State:",0.50800000000000001,0.49199999999999999,0,null,"μ2:",3.3862325654333884E-2,"σ2:",0.73131535349498533]
[null,null,null,null,null,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8}]
[]
[null,null,null,null,null,null,"Russell 1000 Value",null,"Large Cap Value"]
[null,null,null,null,null,null,"μ1:",0.11826866285631989,"σ1:",0.28496698859185321]
[null,null,null,null,null,null,"μ2:",2.2565201995874001E-2,"σ2:",0.62568027069070598]
[null,null,null,null,null,null,"μ3:",{"$f":"reg_3_mean","v":-0.05},"σ3:",{"$f":"reg_3_sd","v":0.8}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,"Note: All results were found using the same frozen list of random numbers for the Markov Chain."]
[]
[null,"Arbitrary Transition Values, 3 Regimes:",null,null,null,null,"Probabilities from MLE:",null,null,null,null,"Arbitrary Transition Values, 2 Regimes:"]
[null,null,"Regime 1:","Regime 2:","Regime 3:",null,null,"Regime 1:","Regime 2:","Regime 3:",null,null,"Regime 1:","Regime 2:","Regime 3:"]
[null,"State Count:",237877,168420,93703,null,"State Count:",315618,184382,0,null,"State Count:",313825,186175,0]
[null,"Ratio of Total:",{"$f":"C71/(SUM(C71:E71))","v":0.47575400000000001},{"$f":"D71/(SUM(C71:E71))","v":0.33683999999999997},{"$f":"E71/(SUM(C71:E71))","v":0.18740599999999999},null,"Ratio of Total:",{"$f":"H71/(SUM(H71:J71))","v":0.63123600000000002},{"$f":"I71/(SUM(H71:J71))","v":0.36876399999999998},{"$f":"J71/(SUM(H71:J71))","v":0},null,"Ratio of Total:",{"$f":"M71/(SUM(M71:O71))","v":0.62765000000000004},{"$f":"N71/(SUM(M71:O71))","v":0.37235000000000001},{"$f":"O71/(SUM(M71:O71))","v":0}]
[null,"Steady State:",0.4753,0.34160000000000001,0.19309999999999999,null,"Steady State:",0.50800000000000001,0.49199999999999999,0,"(From MATLAB)","Steady State:",0.625,0.375,0]
[]
[null,"Transitions:",null,"(PDF)",null,null,"Transitions:",null,"(PDF)",null,null,"Transitions:",null,"(PDF)"]
[null,null,1,2,3,null,null,1,2,3,null,null,1,2,3]
[null,1,0.6,0.3,0.1,null,1,0.96511189399999997,3.4888106000000002E-2,0,null,1,0.7,0.3,0]
[null,2,0.5,0.3,0.2,null,1,3.6026334E-2,0.96397366600000001,0,null,2,0.5,0.5,0]
[null,3,0.1,0.5,0.4,null,3,0,0,0,null,3,0,0,0]

{"sheet":"Random Numbers","index":1,"n_rows":1,"n_cols":8,"rows_kept":1,"cut":false,"hidden":false,"merged":[]}
["State Transitions","S&P 500","NASDAQ","Russell 2000","MSCI EAFE","MSCI EM","Russell 1000 Growth","Russell 1000 Value"]