Yes, then topped out in 1966 and all the way downhill until the second half of Reagan’s first term. The US tried to have a war and massive social spending all at once.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
“Yes, then topped out in 1966 and all the way downhill until the second half of Reagan’s first term.”
DJ was fairly flat during that period but inflation ate up the value.
There were several sell-offs from 1966 to 1981.