5 Centuries of Stock Market History

Everything you always wanted to know about the history of equity prices… but were afraid to ask.  From Kieron Nutbrown, former head of global macro fixed income at First State Investments in London.

Prices are nominal, so long-term trajectory is parabolic – especially in the post-Bretton-Woods era.  Fluctuations on “local” scale, however, give a sense of the risk and return inherent in junior claims.

Lots of good information here for inquisitive minds.  How did equities perform during the Andrew Jackson administration?  Fourteen percent annually for the first six years, excluding dividend.  Just one of the questions raised by this most interesting chart.

See the PDF Version at this link

By | 2017-04-25T10:08:10+00:00 March 28th, 2017|Categories: Market Strategy Report|0 Comments

About the Author:

Mark Ungewitter is a Senior Vice President & Investment Officer at Charter Trust Company. He was formerly Director of Portfolio Management at Investors Bank and Trust in Boston, Massachusetts. He holds an M.S. from Bentley University and a B.S. from Massachusetts College of Liberal Arts. He is a member of the American Association of Professional Technical Analysts.

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