The seizure of a U.S. Navy ship posed another grim challenge for Washington.
North Vietnamese launch Tet Offensive
The Vietnam War entered a new, bloody, and politically fraught phase.
Rev. Dr. Martin Luther King assassinated
The killing of the civil rights leader inflamed racial tensions in U.S. cities.
Robert F. Kennedy assassinated
The slaying of the Democratic presidential front runner was another devastating blow.
Soviet Union invades Czechoslovakia
Tanks and troops brought the “Prague Spring” to a brutal end.
Democratic Convention erupts into violence
Even long-standing American political rituals were not immune to the chaos.
Richard M. Nixon elected U.S. President
Nixon’s slim victory capped one of the most contentious elections in U.S. history.
In a chaotic year, the S&P 500 gains 7.7%.
“What really drives stocks are not political events—even terrible, terrible events—but the underlying fundamentals.”
–Giulio Martini, Lord Abbett Partner and Director of Strategic Asset Allocation
Source: Bloomberg and Lord Abbett.
Past performance is not a reliable indicator or a guarantee of future results. For illustrative purposes only and does not represent any specific portfolio managed by Lord Abbett or any particular investment. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.