At the start of the stagflation of the 70's, the S&P 500 rallied nearly 36% from June 1970 to June 1971. In proceeding decade, the nominal value of the S&P 500

At the start of the stagflation of the 70's, the S&P 500 rallied nearly 36% from June 1970 to June 1971. In proceeding decade, the nominal value of the S&P 500 went from $73 to $114, a respectable 56%. However, cumulative inflation during this same period was approximately 100%. That healthy 56% nominal gain became a real 39% loss. https://www.macrotrends.net/2324/sp-500-historical-chart-data https://www.macrotrends.net/2324/sp-500-historical-chart-dat...