History of Market · The Chronicle of the U.S. Stock Market Index of the volume

Index of the volume

Every chart in the chronicle, in reading order. 101 plates across 8 gatherings.

§ I S&P 500 25 plates

  1. 1Nearly a Century of Annual VerdictsS&P 500 · Annual Returns
  2. 2Market Cap · 1-Year Return · Index WeightS&P 500 · Constituents
  3. 3What Annual Returns Actually Look LikeS&P 500 · Return Distribution
  4. 4Pick Any Entry Year, Any Exit YearS&P 500 · Annualized Matrix
  5. 5Five Years Later, the Typical Annualized ReturnS&P 500 · 5Y Rolling
  6. 6Total Return = Price + Dividend + BuybackS&P 500 · Return Decomposition
  7. 7Fourteen Crossings of ZeroS&P 500 · Log YoY
  8. 8The Spike Is Tall, So the Tail Needs a MagnifierS&P 500 · Daily Distribution and Deep Down Days
  9. 9Do Not Add Returns, Ask What Each Group MultipliesS&P 500 · Multiplicative Contribution by Extreme Days
  10. 10Shiller CAPE — The Cycle-Smoothed P/EShiller CAPE · S&P 500
  11. 11AIAE — America's Equity AllocationAIAE · Investor Allocation
  12. 12S&P 500 · Trailing PE vs. Forward PES&P 500 · TTM PE × Forward PE
  13. 13Was it a multiple year or an earnings year?S&P 500 · Return Decomposition (TTM)
  14. 14S&P 500 Earnings Per Share (TTM)S&P 500 · EPS (TTM)
  15. 15S&P 500 · Return on EquityS&P 500 · ROE
  16. 16Every Deep Fall Carries a NameS&P 500 · Historical Drawdowns
  17. 17Deepest Intrayear Drop vs Year-End OutcomeS&P 500 · Intrayear Drawdown
  18. 18The Market's Breathing RateS&P 500 · Realized Volatility
  19. 19VIX — The Insurance TabVIX · S&P 500 Fear Index
  20. 20Bull-Market Breadth — Who Stands Above the Moving AveragesBull-Market Breadth · S&P 500
  21. 21Twelve Months of SeasonalityS&P 500 · Monthly Heatmap
  22. 22How the S&P 500 Is Actually BuiltS&P 500 · Methodology
  23. 23GICS Eleven-Sector Weight DistributionS&P 500 · Sector Weights
  24. 24Magnificent 7 · Equal-Weight Index of the SevenMagnificent 7 · Equal-Weight
  25. 25A Log of Additions and DeletionsS&P 500 · Constituent Changes

S&P 500 ›

§ II Nasdaq 22 plates

  1. 1Nasdaq Composite — Half a Century, Start to NowNasdaq Composite · Century
  2. 2Nasdaq Bull/Bear — Log Year-Over-YearNasdaq · Log YoY
  3. 31-Week / 1-Month / YTD / 1-Year Return RankingsNasdaq 100 · Constituent Return Ranking
  4. 4Higher Volatility and Even Heavier TailsNasdaq 100 · Daily Distribution vs. Normal Curve
  5. 5Nasdaq's Compounding Ledger: Even More Extreme Pulls at the EdgesNasdaq 100 · Multiplicative Contribution by Extremes
  6. 6Nasdaq 100 · Forward PE — Twenty-Five YearsNasdaq 100 · Forward PE (Bloomberg)
  7. 7Nasdaq 100 · Rerating × RevisionNasdaq 100 · Return Decomposition (Forward)
  8. 8QQQ Annual ReturnsQQQ · Annual Returns
  9. 9Nasdaq 100 Annual Return DistributionNasdaq 100 · Return Distribution
  10. 10Nasdaq 100 · Pick Entry, Pick ExitNasdaq 100 · Annualized Matrix
  11. 11Nasdaq 100 · Five-Year Rolling AnnualizedNasdaq 100 · 5Y Rolling
  12. 12QQQ Total Return · Price / Dividend / BuybackQQQ · Return Decomposition
  13. 13Nasdaq 100 · Fifty-Nine Historical DrawdownsNasdaq 100 · Historical Drawdowns
  14. 14Nasdaq 100 · Deepest Intrayear Drop vs Year-End OutcomeNasdaq 100 · Intrayear Drawdown
  15. 15Nasdaq 100 · 20/60-Day Annualized VolatilityNasdaq 100 · Realized Volatility
  16. 16VXN · The Nasdaq 100 Volatility IndexVXN · Nasdaq 100 Fear Index
  17. 17Nasdaq 100 Breadth — Who Stands Above the Moving AveragesBreadth · Nasdaq 100
  18. 18Nasdaq 100 Monthly Return HeatmapNasdaq 100 · Monthly Heatmap
  19. 19Top Holdings & Cumulative WeightNasdaq 100 · Top Holdings
  20. 20Market Cap · 1-Year Return · QQQ WeightNasdaq 100 · Constituents
  21. 21Nasdaq 100 · Constituents and Weight DistributionNasdaq 100 · Constituents
  22. 22Adds and Drops on the Nasdaq 100Nasdaq 100 · Constituent Changes

Nasdaq ›

§ III Semiconductors 12 plates

  1. 1Three decades of the Philadelphia Semiconductor IndexPHLX SOX · 1994 to present
  2. 2The semi sector's year-by-year ledgerPHLX SOX · Annual Return
  3. 3Thirty years of annual returns, binnedPHLX SOX · Return Distribution
  4. 4Every year, the dip comes firstPHLX SOX · Intrayear DD vs Full Year
  5. 5What's actually inside SOXPHLX SOX · 30 components
  6. 6What SMH actually owns, and at what weightSMH · VanEck Semiconductor
  7. 7The cycle king — and only one of them survives in SOXMemory · DRAM / NAND / HBM
  8. 8Who's leading, who's laggingSOX / SPX · SOX / XLK · XLK / SPX
  9. 9How far are memory & HBM from 1999Memory Cohort · TTM PE vs 1999
  10. 10Philadelphia Semiconductor forward PE — read from 2011SOX · Bloomberg BEst Forward PE
  11. 11SOXX at the wrapper layerSOXX · iShares Semiconductor ETF
  12. 12SOXX and SMH — same label, different weighting pathsSOXX vs SMH · metadata, overlap, ten-year return

Semiconductors ›

§ IV Information Technology 7 plates

  1. 1XLK's twenty-seven-year arcXLK · 1998 to present
  2. 2XLK's year-by-year ledgerXLK · Annual Return
  3. 3Twenty-seven years of annual returns, binnedXLK · Return Distribution
  4. 4Twenty-seven years of intrayear depthXLK · Intrayear DD vs Full Year
  5. 5XLK's top holdingsXLK · Top Holdings & Cumulative Weight
  6. 6September 2018: a fifth of XLK swapped out in one dayGICS · 2018-09-24 Reshuffle
  7. 7Thirty years of Information Technology forward PES5INFT · Bloomberg BEst Forward PE

Information Technology ›

§ V Financials 9 plates

  1. 1Thirty years of Financials forward PES5FINL · Bloomberg BEst Forward PE
  2. 2XLF's twenty-seven-year arcXLF · 1998 to present
  3. 3XLF's year-by-year ledgerXLF · Annual Return
  4. 4Twenty-seven years of annual returns, binnedXLF · Return Distribution
  5. 5Financials' intrayear depthXLF · Intrayear DD vs Full Year
  6. 62008, the plague year of US FinancialsFinancials · 2008 Anatomy
  7. 7The yield-curve × XLF causal chainFRED 2y-10y · XLF
  8. 8March 2023: Visa and Mastercard became financial stocks overnightGICS · 2023-03-17 Reshuffle
  9. 9XLF's top holdingsXLF · Top Holdings

Financials ›

§ VI Magnificent 7 7 plates

  1. 1Magnificent 7 Equal-Weight IndexM7 · Equal Weight Index
  2. 2Seven companies, a third of US equitiesM7 · Share of S&P 500 Market Cap
  3. 3Each member's drawdown trajectoryM7 · Per-member Drawdown
  4. 4Are the seven becoming a single trade?M7 · 60-Day Rolling Correlation
  5. 5How far is today's NVDA from 1999's Cisco?AI Leaders · TTM PE vs Dotcom Peak
  6. 6The Magnificent 7's ancestorsM7 · Historical Lineage
  7. 7The seven sisters' cash: four are burning, three are returningM7 · Hyperscaler CapEx

Magnificent 7 ›

§ VII Top 10 Dynasties 8 plates

  1. 1Ten era portraits · 1920s—2020sTOP 10 · DECADE × RANK
  2. 2Top 10 long-lived · on the list across three decades or moreTOP 10 · TRAJECTORY + DOSSIERS
  3. 3Who wore the crown · and for how longTOP 10 · #1 TALLY
  4. 4Industries that left the Top 10 · 1920s—2020sTOP 10 · SECTOR × LAST DECADE
  5. 5Who sat next to whom — across how many decadesTOP 10 · CO-OCCURRENCE + PAIRS
  6. 6What happened after they left the Top 10TOP 10 · SIX PATHWAYS
  7. 7Peak share of the index · a row of anchorsTOP 10 · MARKET CAP ÷ INDEX
  8. 8Peak trailing P/E · plotted on a log axisTOP 10 · TRAILING P/E · LOG

Top 10 Dynasties ›

§ VIII Other Charts 11 plates

  1. 1How much market do the ten largest holdCOUNTERPOINT · 1950—NOW
  2. 2Being the biggest was a losing trade — until this decadeCOUNTERPOINT · THE #1 STOCK
  3. 3Twenty-six years of large over smallIWB vs IWM · 2000—NOW
  4. 4How deep, and how many come backCOUNTERPOINT · 1985—NOW
  5. 5The deeper the fall, the wilder the bounce — and the rarer the recoveryCOUNTERPOINT · FORWARD TSR
  6. 6Peaks scatter, troughs clusterCOUNTERPOINT · PEAKS & TROUGHS
  7. 7Sixty months off the bottomCOUNTERPOINT · 60 MONTHS
  8. 8Nvidia and Intel: two afterlives of the same bubbleNVDA vs INTC · CASE STUDY
  9. 9The market hands cash backCOUNTERPOINT · 2000—2023
  10. 10Stock-based compensation is a regressive taxCOUNTERPOINT · BY SIZE DECILE
  11. 11Issue little, retire much — and winCOUNTERPOINT · SBC × BUYBACKS

Other Charts ›