By The Numbers - March 2018Submitted by S. F. Ehrlich Associates, Inc. on April 2nd, 2018
Source: Direxion Funds
February 15, 2018
- Since 1950, there have been 59 different 10-year periods (i.e., the 10-years from 1950-59, 1951-60, 1952-61, . . . 2008-2017). The S&P 500 index produced an average annual total return of less than +7% during 15 of the 59 decade-long periods (25% of the time). 19 of the 59 periods (32% of the time) resulted in an average annual total return of at least +14%.
- During those 59 different 10-year periods, the S&P 500 has produced a positive total return result in 57 of the 59 decade-long periods (97% of the time), and at least 6% per (total return) in 48 of the 59 periods.
- After closing at 2873 on Friday 1/26/18, it took just 13 days for the S&P 500 to fall 10.2% (to 2581) by the close of trading on Thursday 2/08/18. The 13-day correction (i.e., a drop of at least 10% for the stock index) was the fastest correction in the last 50 years. The next quickest correction was a 20-day drop that occurred in October 1997.
- There were 1.48 million existing homes for sale in the United States as of 12/31/17, a drop of 460,000 in the prior 6 months. The 1.48 million homes for sale is the lowest level reported for a statistic that has been tracked since 1999.
- Our nation’s unemployment rate was 4.1% as of January 2018. American adults age 25 and up with at least a bachelor’s degree from college had just a 2.1% unemployment rate. The lowest national unemployment rate in US history was 2.5% in June 1953.
- The average price of gasoline peaked at $4.11 a gallon on 7/17/08. The average price of gasoline was last above $3 a gallon on 10/31/14.
- Only 37% of all jobs in the United States require education beyond high school.
- Since rising by +6.1% in 1990, inflation (as measured by the Consumer Price Index) has averaged just +2.3% per year and has been as high as +4% in only 1 year (2007) over the last 27 years.
- Life expectancy at birth in the USA was 51.7 years in 1916. Life expectancy at birth was 78.6 years in 2016. Thus, life expectancy has increased by 10 years every 37 years.
- The USA has kept records on economic expansions and contractions since 1854. The current expansion, which began in July 2009, is in its 105th month. It is the 3rd longest expansion in history, trailing only expansions that ran from 1991-2001 and from 1961-69.
- American banks repossessed 292,000 homes in 2017, 379,000 homes in 2016 and 450,000 homes in 2015.
- 48% of women and 42% of men begin taking their monthly Social Security retirement benefits at age 62, the earliest age possible. Just 4% of women and just 2% of men delay taking their Social Security retirement benefits at age 70 or later.
- From 2.44 million construction workers nationwide as of 2/28/10, the total is down 70% (to 732,000 workers) as of 2/28/18, but up +314,000 in just the last 4 months.
- 47 of 50 US states prohibit all text messaging while driving. Missouri bans only drivers under the age of 22 from texting while driving, while Arizona and Montana have no ban on texting.
- The United States exported more goods to Canada in 2017 ($282.4 billion) than the combined amount that we exported to China ($130.4 billion), Japan ($67.7 billion) and the United Kingdom ($56.3 billion).
- There were 12.6 million manufacturing jobs in the United States as of 2/28/18. There were 13.1 million manufacturing jobs in the United States as of 2/28/42 or 76 years ago.
- Only 38% of American retirees are debt-free (i.e. 62% of American retirees have outstanding mortgage debt, credit card debt, auto loan debt or student loan debt).
- 28% of student loan borrowers (by number, not by dollar) default on their student loans.
- American drivers pay federal taxes of 18.4 cents a gallon on gasoline, revenue that is used to pay for roads, bridges and mass transit projects in the USA. The gas tax rate was last raised in the USA in 1993 or 25 years ago.