Charts of the Week
Four Centuries of Stock Prices
June 29, 2020
Stock prices since the 1600s.
Stock prices since the 1600s.
A long-term look at GDP per capita
A long-term view of interest rates in the U.S.
A look at labor stats since 1774
A look at the UK since 1801
Crude oil prices and production since 1859 and retail gas prices since 1973
A long-term look at government finances
A look at the average years of education across the world
Today's topics include stock valuations in a zero yield world, breaking down debt issuance by rating, sending stimulus checks to deceased people, a different way to look at virus numbers, job losses among low wage workers, the results of the Fed's stress tests, the long road to recovery, the Fed's balance sheet, Howard Marks on the Fed's backstop, and Trump's struggles continue.
Over the past three months the NASDAQ has returned as much as 12.37% more than the S&P 500, setting a level of outperformance rarely seen.