As in “a picture is worth a thousand words”,
“un bon croquis vaut mieux qu'un long discours”,
"百闻不如一见", or "As the Chinese say, 1001 words is worth more than a picture."!
"Travaux Pratiques: Ce qu'il faut avoir ou ne pas avoir dans les Marches des Actions en Euroland"
Magnificent 7 significantly outperformed other stocks in 2023
10 Years Ended 31 December 2022
20 Years Ended 31 December 2022
Historical drawdowns of 15% or more in the S&P 500 Index*
The lagged effect of inflation.
"Despite the historically high unexpected inflation, current revisions to long-term inflation expectations remain around 20 basis points, similar to the revisions in 2018 and slightly smaller than revisions in 2014."