European Capital Partners - Get real Discover this fund | European Capital Partners
Asset management and fund structuring boutique

Get real

Aug 02, 2023

When we look at stock market indices, we tend to look at nominal returns. Here markets look stretched with the S&P 500 is up 20% this year, and the Nasdaq is near record highs after gaining a third in 2023. Major indices worldwide have made double-digit gains. However, what has changed over the last 2 years is the arrival of inflation. Once adjusted for inflation, the S&P 500 a full 12.5% below 2021’s record on a total return basis. In real terms, stock-markets are not as stretched as it may seem.

Return to overview