By The Numbers - February 2018Submitted by S. F. Ehrlich Associates, Inc. on February 15th, 2018
Source: Direxion Funds
February 15, 2018
- In the 75 years from 1943-2017, the S&P 500 had 28 declines of at least 10% (but less than 20%) or once every 2.7 years.
- The last 10% correction for the S&P 500 (a decline of more than 10% but less than 20%) was a 13.3% drop over the 3 months that ended 2/11/16, or approximately 2 years ago.
- The national debt increased 86% during George W. Bush’s 8 years as president and increased 88% during Barack Obama’s 8 years as president.
- 90% of American adults at least age 25 have graduated from high school. 34% of American adults at least age 25 have a bachelor’s degree from college. 13% of American adults at least age 25 have a master’s degree.
- The average price of gasoline nationwide was $2,54 a gallon as of Friday 1/19/18. The average price of gasoline nationwide in 1968 was 34 cents. After adjusting for 50 years of inflation, the 34 cent price in 1968 is equivalent to $2.47 in 2018 dollars.
- The United States has added 8 new “renter” households in the last decade for every 1 new “owner” household, a total of 7.8 million new renters vs 965,000 new owners.
- As of 12/31/17, the 120.2 million households in the US were split between 77.2 million owners and 43.0 million renters.
- For every 2 families that moved into Vermont last year, just 1 family moved out, making Vermont the “top moving destination” state. For every 1 family that moved into Illinois last year, 2 families moved out, placing Illinois last on the same list.
- Since 1950, the S&P 500 has been up 54% out of more than 17,000 trading days, 60% of 817 months, 66% of 272 quarters, and 74% of 68 years.
- The total return of stocks and the total return of bonds have not been negative in the same year over the last 40 years.
- The S&P 500 has gained an average of 10.1% per year (total return) over the last 50 years, despite suffering through 7 bear markets of at least a 20% decline each time.
- The small-cap Russell 2000 stock index has gained 10.2% per years over the last 35 years.
- 43% of the Fortune 500 companies were founded or co-founded by either an immigrant to the United States or by the child of an immigrant.
- The life expectancy of a baby born in the US in 2016 is 78.6 years, a decline of 0.1 years from 2015, the second straight year-over-year drop after 21 consecutive years of increase.
- There were 18.8 million college students during the fall of 2017 (both undergraduate and graduate), the 6th consecutive year that the total number has declined on a year-over-year basis.
- 46% of Americans have no money invested in stocks today, either through the ownership of individual stocks, equity mutual funds, or through holdings inside a pre-tax retirement plan.
- In July 2017, Dr. James Canton, CEO of the Institute of Global Futures in San Francisco, predicted the following 6 things will no longer exist within a decade: keys, parking meters, cash, brick and mortar banks, TVs, and telephones.
- The yield on the 10-year Treasury note ended 2017 at 2.41%, just 0.03 percentage points lower than the 2.44% it finished as of 12/31/2016. The yield on the 10-year note was 2.57% on 8/5/11, the day Standard & Poor’s downgraded the USA’s AAA rating that it held for 70 years.
- The average interest rate nationwide on a 30-year fixed rate mortgage was 3.99% at the end of 2017. The record low national average was 3.31% as of 11/22/12.
- The price of oil ended 2017 at $60.12 a barrel, up 12% from its 2016 close of $53.72. The $60.12 price was the first daily close above $60 a barrel since 6/24/15.
- If the expansion of the US economy (i.e. no recession), continues into May 2018, it will rank as the 2nd longest expansionary period in our history. Contraction and expansion have been traced since 1854.
- As of the end of 2017, there are more Millennials (83 million) than there are Baby Boomers (75 million). Millennials were born between 1981-97 and were age 20-36 in 2017, while the Baby Boomers were born between 1946-64 and were age 53-71 in 2017.
- The 1.48 million existing homes that were on the market for resale as of December 2017 is down 10% in the last year, down 19% in the last 5 years, and down 63% in the last 10 years.