Inspired by the recent Ash Park on Tobacco and Transformation whitepaper, which came to my attention via @JonFell73 on twitter, I decided to take their analysis that global staple stocks have never lost money in any rolling 5 year period (since 1977) and extend the analysis further back in time.
I downloaded the Ken French 12 Industry Portfolio data (monthly), and ran out the analysis since 1926 (first rolling 5y begins in 1931). Since I was there, I decided to run out some additional industries as well, both on a market value basis and an equal weight basis. Here are the charts. Enjoy!
Consumer Nondurables (Staples)
Durable Consumer (Discretionary)
Business Equipment (Technology)
Harvest Investor © 2020. All rights reserved. The content and ideas contained in this blog represents only the opinions of the author. The content in no way constitutes investment advices, and should never be relied on in making an investment decision, ever. No content shall be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The author may hold positions in the securities and companies mentioned on this site. Any position disclosed on this site may be modified or reversed without notice to you. The content herein is intended solely for the entertainment of the reader, and the author.