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HomeBusinessMarketForget the 1970s — this market is drawing comparisons to the 1870s

Forget the 1970s — this market is drawing comparisons to the 1870s

The present excessive inflation setting is commonly in comparison with the Seventies. But maybe a extra apt comparability can be to the 1870s.

According to Bank of America, authorities bonds are on observe for his or her worst 12 months since 1865, the 12 months the U.S. Civil War ended.

Meanwhile, the inventory market, when adjusted for inflation, is on observe for its worst 12 months since 1872, once more in response to Bank of America calculations.

Deutsche Bank presents a chart exhibiting all kinds of asset efficiency in the course of the first half. Only vitality and commodities made any type of headway within the first half.

The official tally, in nominal phrases, is that the S&P 500
SPX,
+1.06%

dropped 20.6% within the first half of the 12 months, and the Nasdaq Composite
COMP,
+0.90%

dropped 29.5%.

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