Where are we with the U.S. markets?

History vs. now

Apr 29, 2025

∙ Paid

From Tuomas Malinen on Geopolitics and the Economy.

On Wednesday I published this figure depicting the moving average of S&P 500 in April and May between 2016 and 2024 (with 2020 excluded). Where are we now?

The 7-day moving average of daily percentage changes in the S&P 500 stock market index in April and May from 2016 until 2024, with the exclusion of 2020. Source: GnS Economics, Investing.com

This is how the S&P 500 has developed since 31 March.

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