One thing was effervescent in mutual funds. Funds “specializing in progress and scientific shares hit the jackpot within the closing weeks of September,” Barron’s wrote on Nov. 1, 1965. Turning up commonly among the many funds’ greatest holdings have been names like IBM, Xerox, Eli Lilly, Basic Electrical, and Gillette.
Just a few months later, funds that had “packed their portfolios” with “glamour shares” have been having fun with “a glowing market efficiency,” we wrote. Led by corporations like Johnson & Johnson, Eastman Kodak, 3M, IT&T, Polaroid, Revlon, and…
Key inflation indicator up 3.5% year over year in June vs. 3.6% estimate
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