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Lv_InSaNe_vL@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

• umbrella@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

  [deleted]

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  • Lv_InSaNe_vL@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    I know the NASDAQ doesn’t mean much to the normal folks but to the people in charge that is “the economy”

    Did you read me whole comment or just react?

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• Lumisal@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Dollar hasn’t recovered value tho

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• Bleys@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  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 you’ve gotten a 9% pay cut since the start of the year.

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  • blarghly@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Does DXY have inflation included in its calculation?

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    • Bleys@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      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 it’s only relative to other currencies.

      So it doesn’t calculate inflation directly, but it’s generally correlated with it.

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      • JackbyDev@programming.dev ⁨3⁩ ⁨weeks⁩ ago

        I hate that we don’t have a unique term for inflation due to increasing prices versus printing a shit ton of money.

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      • blarghly@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        That was informative. Thank you!

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• L7HM77@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

  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.

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  • Lv_InSaNe_vL@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    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.

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