Today’s chart illustrates rallies that followed massive bear markets. For today’s chart, a ‘massive’ bear market is defined as a decline of greater than 50%. Since the Dow’s inception in 1896, there have been only three bear markets whereby the Dow declined more than 50% (early 1930s, late 1930s until early 1940s, and during the recent financial crisis).
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Chart of the Day: Weak Post-Election Year Stock Performance
Today’s chart illustrates how the stock market has performed during the average post-election year. Since 1900, the stock market has tended to underperform from early January to late February and again from early August to early November during the average post-election year.
The Jobs Disaster – the Long View
Today, the Labor Department reported that nonfarm payrolls (jobs) increased by 80,000 in June. Today’s chart provides some perspective in regards to the US job market. Note how the number of jobs steadily increased from 1961 to 2001 (top chart).
OIL – THE LONG VIEW….
Today’s chart provides some long-term perspective on the price of a barrel of crude oil with a long-term chart of inflation-adjusted West Texas Intermediate Crude. Today’s chart illustrates that most oil price spikes coincided with Middle East crises and often preceded or coincided with a US recession.
POST-MASSIVE BEAR MARKET RALLIES
Today’s chart illustrates rallies that followed massive bear markets. For today’s chart, a ‘massive’ bear market is defined as a decline of greater than 50%. Since the Dow’s inception in 1896, there have been only three bear markets whereby the Dow declined more than 50% (early 1930s, late 1930s until early 1940s, and during the recent financial crisis).
POST FINANCIAL CRISIS RETRACEMENTS
For some perspective on the post-financial crisis rally, today’s chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by each of the five major stock market indexes. For example, the Dow peaked at 14,164.53 back in October 9, 2007 and troughed at 6,547.05 back on March 9, 2009.
THE SURGING PRICE OF GASOLINE….
By Chart of the Day As a result of ongoing geopolitical tensions (e.g. Iran) as well a spotty but generally improving global economy, the price of crude oil continues to trend higher. Since the end of September, the cost of one barrel of crude oil has increased by over $30. With oil prices trending higher, it is not all that [...]
CHART OF THE DAY – THE LABOR GAP
Yesterday, the Labor Department reported that nonfarm payrolls (jobs) increased by a significant 243,000 in January. Today’s chart provides some perspective on the US job market. Note how the number of jobs steadily increased from 1961 to 2001 (top chart).
CHART OF THE DAY: GOLD – THE LONG VIEW
With gold more than $250 off its August 2011 peak, today’s chart provides some long-term perspective in regards to the gold market. Today’s chart provides an illustration of the bull market in gold that began back in 2001. As today’s chart illustrates, the pace of the nearly 11-year bull market has increased over time.
CHART OF THE DAY – MORE ON SEASONALITY
With the current calendar year coming to a close, today’s chart provides some perspective on 2011′s stock market performance. Today’s chart illustrates each calendar year performance (dark blue columns) of the Dow since 1950.
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