Summer 2024 Charts
Check out the new charts to accompany my Summer 2024 Update.
Chart #1: Logarithmic
SPX vs NDX Jan 1986 - Jan 2024
SPX and NDX 38 years. Parallel NDX-SPX lines would indicate equal growth. Note the consistently widening gap between indexes, indicating NDX superior growth is ongoing. Adjusted data seen in Table 1. and described in paragraph 4 is more accurate, but equally determinate.
Chart #2: NDX Jan 1986 - Jan 2024
Chart #3: SPX Jan 1986 - Jan 2024
SPX 38 year performance. The 1995-2000 ascending bubble was a CONVEX CURVE. That indicated a controlled advance, with the rate of price growth DECELERATING.
Chart #4: NDX Bubble 1995 - 2000
The CONCAVE CURVE of NDX bubble of 1995-2000. The increasingly upward bend of the ascending bubble indicated the rate of NDX price increase was ACCELERATING. It was screaming “bubble”, and I missed it.
Chart #5: NDX Aberration March 2020 - March 2024
In contrast to the 95-00 experience, NDX from 2020-2022 had a modest upward price aberration.
Chart #6: Nasdaq QQQ vs SPX 2007 - 2024
An ARTHMETIC NDX chart distributed by NASDAQ. The chart is honest, but deceptive in two ways. First, it was initiated at a time when NDX and SPX were aligned to produce an annual result favorable to NDX. Second, the NDX price rise after 2018 appears greater than was the actual case. LOGARITHMIC charting (Charts 1 and 2) would show a more realistic, but still impressive, rise.