global perspectives

Return of the roaring '50s or ugly '70s: the next decade

Return of the roaring '50s or ugly '70s: the next decade
Didier Rabattu - Head of Equities

Didier Rabattu

Head of Equities
Florian Ielpo - Head of Macro, Multi Asset

Florian Ielpo

Head of Macro, Multi Asset
Pascal Menges - CLIC Equities, CIO Office

Pascal Menges

CLIC Equities, CIO Office

Equities have been through one of their worst six-month periods ever, driven by a combination of factors. If the market continues to recover, what will the rebound ultimately look like? In the latest part of our series “The Next Decade”, we look to corrections of the past for direction on where we may be heading. 

 

Need to know:

  • If we exclude the Great Financial Crisis, we need to go back to the 1960-1970s to find a downturn as severe as the one in 2022. In the past, such routs were always followed by strong recoveries
  • We examined three decades with similarities to the current situation – the roaring 1950s, the ugly 1970s and the accommodative 2010s – to see which one is most relevant to today
  • The comparison to the 1950s looks increasingly compelling, in our view  

 

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