S&P 500 Index (SPX): The Rally Illusion

We have created a site that tracks the S&P500 index (SPX) performance in a few different currencies, with charts updated automatically on an intra-day basis.

Those living in the U.S perceive the stock markets as having gone up 14% this year. The reality is however, that those same markets have not gone down in other currencies. Here is the SPX YTD performance:

- in USD: +14.12%
- in Euros: +6.8%
- in CAD: +0.4%
- in AUD: -12.8%
- in BRZ: -19.7%

Once could argue that it is not the stock market that went up in the U.S., it is simply ther U.S. dollar that went down. The rally is an illusion. Now imagine the poor folks that had their houses drop in value in the U.S. The real losses are staggering.

We track here the index in all these currencies. Enjoy!

Note that we also maintain a site that tracks the price of gold in other currencies here.