Biggest two-year slump since 1973-74

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The S&P 500 has fallen 12 percent this year and dropped 10 percent last year.

The last time it had back-to-back declines was in 1973-74, when it had a combined loss of 47 percent. The Nasdaq has lost 20 percent this year after dropping 39 percent last year, its biggest two-year slump also since 1973-74, when it shed 66 percent.

The 70’s was a very boring decade for large caps.  With their current valuations being fairly high, we strongly suggest that one must be very selective in his/her investment choices.

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  • Claret Asset Management specializes in offering portfolio management services to high net worth clients. We are completely independent and free of conflicts of interest. Claret was founded in 1996 with the objective of answering the growing needs of private investors.

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