Five Years of S&P 500 Daily Changes

(log first differences):

Figure 1: Log first difference of daily S&P 500 index. Light orange shading denotes Trump administration. Source: FRED, and author’s calculations.

11 thoughts on “Five Years of S&P 500 Daily Changes

  1. pgl

    Given the nonstop stupidity over Drill Baby Drill ala Bruce Hall even though his own Dallas FED link shows this will not lower gasoline price, a few of you have wondered who is paying this lying troll for such BS. Well it seems Ted Cruz penned this letter demanding Drill Baby Drill as an alleged solution to high gasoline prices:

    Now when one is as dumb as Ted Cruz, one truly is very dumb!

    1. Bruce Hall

      No foreign reserves to speak of. Price of energy going up. Can’t afford fertilizer so farming going to hell.

  2. ltr

    May 19, 2022

    Shanghai Port sees steady recovery of container throughput as COVID-19 under control

    SHANGHAI — As Shanghai steps up resumption of businesses after containing the recent COVID-19 resurgence, Shanghai Port, a major transportation hub, has seen its container throughput recover to over 80 percent of normal capacity.

    According to the Shanghai International Port Group Co., Ltd. (SIPG), the container throughput of the port reached 110,000 twenty-foot equivalent units (TEUs) per day on Tuesday, while its normal handling volume was around 130,000 TEUs per day.

    To tackle logistics bottlenecks caused by COVID-19, especially road congestion, the Shanghai Port has diversified transportation methods in cooperation with shipping companies and the railway department to stabilize supply and industrial chains in the Yangtze River Delta region.

    In April, water transfer accounted for 65 percent of the port’s total throughput, while the proportion of rail-sea intermodal transit also reached a record high, according to the SIPG.

    The port completed a container throughput of over 3.08 million TEUs in April, recovering to 82.4 percent of that of the same month last year, said Li Guoping, an official with the Ministry of Transport, earlier this month.

    During the first four months, the port handled 15.35 million TEUs, up 1.8 percent year on year, added Li.

    For nearly two months, more than 20,000 employees have been working in the Shanghai Port under closed-loop management to maintain its daily operation, said Zhou Yong, a staff member of the production and business department of SIPG.

    The overall operation at all container terminals of the port has remained stable, with the support of an intelligent remote control system that enables the handling of a container to be completed in two minutes on average….

  3. Bruce Hall

    The S&P500 is down about 19% from its high last December, but still 50% higher than the low reached in 2020. It would appear there is still plenty of room for those seeking to escape to realize profits if they have been invested for awhile. You play the game and take your chances.

    As of April 1, 2022, the following are the 25 largest S&P 500 index constituents by weight:

    Apple (AAPL): 7.14%
    Microsoft (MSFT): 6.1%
    Amazon (AMZN): 3.8%
    Tesla (TSLA): 2.5%
    Alphabet Class A (GOOGL): 2.2%
    Alphabet Class C (GOOG): 2.1%
    NVIDIA Corporation (NVDA): 1.8%
    Berkshire Hathaway Class B (BRK.B): 1.7%
    Meta (FB), formerly Facebook, Class A: 1.4%
    UnitedHealth Group (UNH): 1.2%
    Johnson & Johnson (JNJ): 1.2%
    JPMorgan Chase (JPM): 1.0%
    Visa Class A (V): 1.0%
    Procter & Gamble (PG): 1.0%
    Exxon Mobil (XOM): 0.90%
    Home Depot (HD): 0.8%
    Chevron Corporation (CVX): 0.80%
    Mastercard Inc. Class A (MA): 0.8%
    Bank of America (BAC): 0.8%
    AbbVie Inc. (ABBV): 0.7%
    Pfizer (PFE): 0.7%
    Broadcom Inc. (AVGO): 0.7%
    Costco (COST): 0.7%
    Walt Disney (DIS): 0.7%
    Coca-Cola Company (KO): 0.6%

  4. Barkley Rosser

    While market down again modestly today, Dow and S&P still above their levels at any point during the Tramp presidency.

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