140 days ago • Posted by Martin Boujol

Inflation can be a real deal-breaker for equity returns

As you can see on the chart below, the US S&P500 Comp under different inflation (or disinflation) environments can be radically different. Thus, investors should be aware of the strong impact that inflation has on equities.

Source: Gavekal, Macrobond

#Stocks
Equity returns are different in different CPI environments
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