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Economy

progree

(11,493 posts)

1. S&P 500 still down 17.5% since Jan 3 high, and down 16.9% year to date

Reply to Tansy_Gold (Original post)

Wed Nov 16, 2022, 06:58 PM

Nov 2022

Just so people don't look at the DJIA graph and think we're all recovered and its springtime in the stock market.

The S&P 500 is far more representative pf the U.S. stock market than a price-weighted (yes, bizarre) selection of 30 stocks. The S&P 500 is a capitalization-weighted index of more than 75% of the total U.S. stock market.

The total U.S. stock market index would of course be an ideal representation of the total U.S. stock market.

Oh, on top of that, the purchasing power of the dollar is down 6.4% since December, per the CPI, so the purchasing power of the S&P 500 is down 22.2% [1]. Add in a couple percent at most of dividends and it is still down more than 20%.

[1] 1 - (1-.169) * (1-.064) = .2222 = 22.2%.

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STOCK MARKET WATCH -- Thursday, 17 November 2022 [View all] Tansy_Gold Nov 2022 OP

S&P 500 still down 17.5% since Jan 3 high, and down 16.9% year to date progree Nov 2022 #1

BABA earnings overnight tonight. RIOT in the dumps. bucolic_frolic Nov 2022 #2