Economy

Tansy_Gold

(18,046 posts) Tue Jun 21, 2022, 04:17 PM Jun 2022

STOCK MARKET WATCH -- Wednesday, 22 June 2022

STOCK MARKET WATCH, Wednesday, 22 June 2022

Previous SMW:
SMW for 21 June 2022

AT THE CLOSING BELL ON 21 June 2022

Dow Jones 30,530.25 +641.47 (2.15%)
S&P 500 3,764.79 +89.95 (2.45%)
Nasdaq 11,069.30 +270.95 (2.51%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:

Gold & Silver:

Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

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STOCK MARKET WATCH -- Wednesday, 22 June 2022 (Original Post) Tansy_Gold Jun 2022 OP

S&P 500 still at bear market levels, 21.5% below its January 3 all-time high progree Jun 2022 #1

progree

(11,463 posts)

1. S&P 500 still at bear market levels, 21.5% below its January 3 all-time high

Reply to Tansy_Gold (Original post)

Wed Jun 22, 2022, 03:56 AM

Jun 2022

As for the U.S. total stock market, as measured by VSTAX, the Vanguard (U.S.) Total Stock Market fund

Since the end of January 2021 (1 1/2 years ago approx), it is down 1.45% in nominal dollars.

The purchasing power of the nominal dollar is down 10% since then, as measured by the CPI.

So the purchasing power of a VTSAX portfolio is down 11.3%, meaning if its purchasing power was $10,000 back then, it is $8,870 now.

CPI: https://data.bls.gov/timeseries/CUSR0000SA0

VTSAX history: https://finance.yahoo.com/quote/VTSAX/history?p=VTSAX
(use the Adjusted Close column to get the total return including reinvested distributions)

I chose the end of January 2021 as the starting point because that's about where the bend of the inflation curve is.

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