Benchmark update.
My benchmark of the global stocks market is "MSCI ACWI IMI Net Total Return in CHF” as calculated by MSCI. To adjust it for the inflation, I divide its value in CHF by the value of “Landesindex der Konsumentenpreise (LIK)” (“Swiss CPI”) for the previous month.
The latest ATH of 2121.76 CHF nominal was reached on 16.07.2024. It moved +6.4% (both nominal and inflation-adjusted) from the previous lowest point on 4.06.2024. The YTD gain was +22.1% in nominal CHF, +20.3% in inflation-adjusted CHF.
As per yesterday, 25.07.2024 my benchmark have declined to 2001.52 CHF nominal, -5.7% from ATH (both nominal and inflation-adjusted). We have therefore entered the “Mild Correction” regime.
Nevertheless, the YTD gain is currently +15.1% in nominal CHF, +13.4% in inflation-adjusted CHF.