UPDATE: COVID-19, The Markets, and The Economy
Let's take a look at a roundup of some informative charts, including key market sectors during the COVID-19 pandemic and the S&P 500, changes in the Dow, NASDAQ, and S&P since 2000, and a few more that are relevant. For the chart on key market sectors, please scroll.
Let's start with margin debt, which began a decline in Q3 of 2017, but has continuously reached new record highs during the pandemic. The last S&P 500 all-time high was on May 14, 2021, at 4255.15. As of the June 15th close, the index is down just 0.2% off that high. In the previous two recessions, the S&P peak came at least three months after the margin debt peak.
Here's the same chart inverted to show the relationship between the two as a divergence.
Let's move on to the S&P 500 itself - here's a couple of charts from our S&P Snapshot. The first is a five-day look at the volatility.
To put the market downturn into perspective, let's look at the index since about 2011. It's clear how much of a bull market this has been and how high the index has gone.
Now let's take a look at major sectors in the ETF world since February 21, 2020. All but two sectors, hotels and airlines, have recovered since then. Retail has bounced back the fastest, while hotels and airlines are still lagging. Individuals are returning to travel rapidly as more vaccines are administered.
This next chart we typically update monthly but have included data through the May 25 close. This takes a look at the inflation-adjusted changes since the 2000 peaks for the Dow, S&P 500, and NASDAQ.
Here is a chart on world markets since the October 9, 2007 market downturn through yesterday's close.
Lastly, here's is ECRI's smoothed year-over-year percent change since 2000 of their weekly leading index. Index data as of June 11.
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