how about that S & P?

[bachophile]

https://www.nytimes.com/2024/01/19/business/stock-market-record.html

ive always kept money in S & P index linked mutual funds for many years, without ever really checking on a daily, weekly, or even monthly basis. every once in a while i check the balances.

so this front page (nytimes.com ) headline caught my eye

[jon-nyc]

Welcome to Joe Biden’s America stock market.

[Mik]

Looks good to me.

[LuFins Dad]

@jon-nyc said in how about that S & P?:

Welcome to Joe Biden’s America stock market.

Up ~ 20% over Biden’s Admin!

Of course, it was doubled during Trump’s…

[George K]

@LuFins-Dad said in how about that S & P?:

Up ~ 20% over Biden’s Admin!

Up about 5% over it's previous peak during the Biden administration - in December 2001.

[LuFins Dad]

@George-K said in how about that S & P?:

@LuFins-Dad said in how about that S & P?:

Up ~ 20% over Biden’s Admin!

Up about 5% over it's previous peak during the Biden administration - in December 2001.

Now, let’s adjust for the aggregate inflation over the Biden Admin.

[Jolly]

@LuFins-Dad said in how about that S & P?:

@George-K said in how about that S & P?:

@LuFins-Dad said in how about that S & P?:

Up ~ 20% over Biden’s Admin!

Up about 5% over it's previous peak during the Biden administration - in December 2001.

Now, let’s adjust for the aggregate inflation over the Biden Admin.

According to these guys, using CPI data (which I think may undershoot actual inflation) it's about 18%.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/