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Tbh I wanna know why people keep saying this. The NASDAQ is almost back up to its YTD high.
I know the NASDAQ doesn't mean much to the normal folks but to the people in charge that is "the economy"
because things havent been good outside of the line go up pretend world.
Did you read me whole comment or just react?
i answered your question.
Dollar hasn't recovered value tho
SPY is up 3% YTD while DXY (which measures the value of a dollar) is down 9% YTD. If you own shares of SPY, then you hold them in dollars, so the real change in value of your stock is [share price] x 1.03 x 0.91, which translates to being down over 6%.
BUT not only is your investment value down, if you live in the US you presumably get paid in dollars as well. Which means youβve gotten a 9% pay cut since the start of the year.
Does DXY have inflation included in its calculation?
DXY measures the US dollar against every other currency. So if the US dollar in isolation had a bunch of inflation (e.g. because the US government printed a ton of money), then that would be reflected in DXY.
But if every major currency printed a ton of money at the same time, then DXY would not change because itβs only relative to other currencies.
So it doesnβt calculate inflation directly, but itβs generally correlated with it.
I hate that we don't have a unique term for inflation due to increasing prices versus printing a shit ton of money.
That was informative. Thank you!
Double top chart pattern
NASDAQ 5 Year Chart -- Yahoo Finance
Half-joking. The technical data suggests there is a possible change in trend coming up. No guarantees. This is not trading advice.
I thought about using the 5 year charts, but I decided against it because that would include things from the initial COVID lockdowns and I felt that skewed results. But the NASDAQ is up significantly from this time 5 years ago