STOCK MARKET WATCH -- Wednesday, 22 June 2022

[progree]

1. S&P 500 still at bear market levels, 21.5% below its January 3 all-time high

As for the U.S. total stock market, as measured by VSTAX, the Vanguard (U.S.) Total Stock Market fund

Since the end of January 2021 (1 1/2 years ago approx), it is down 1.45% in nominal dollars.

The purchasing power of the nominal dollar is down 10% since then, as measured by the CPI.

So the purchasing power of a VTSAX portfolio is down 11.3%, meaning if its purchasing power was $10,000 back then, it is $8,870 now.

CPI: https://data.bls.gov/timeseries/CUSR0000SA0

VTSAX history: https://finance.yahoo.com/quote/VTSAX/history?p=VTSAX
(use the Adjusted Close column to get the total return including reinvested distributions)

I chose the end of January 2021 as the starting point because that's about where the bend of the inflation curve is.