Lessons From the First Stock Market Index
Strubel Investment Management’s commentary for the month of June 2021, discussing the first stock market index. Q1 2021 hedge fund letters, conferences and more Dear Investors, In this month’s newsletter, I thought we would do a fun exercise, looking at what is widely regarded as the first US stock market index and the companies that made up that index. The 1896 version (there were earlier, less complete versions) of the Dow Jones Index is viewed as the first broad market stock index. The Companies That Made Up The First Stock Market IndexLet’s take a look at the companies, what happened to th...