You're holding the chart upside down
VTI is down over 5% YTD at time of writing
this post was submitted on 18 Mar 2025
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Left over momentum from the election. Stocks rose pretty continuously from the election on because businesses expected a "pro-corporate" President. They started correcting a week after Jan. 20th inauguration and his tarriff tantrums began to bear fruit, corpos realized they fucked up. "YTD" being zero or only slightly positive/negative only means the markets have fallen back to where they started pre-Trump.
There is a long, loooooong way to fall still.
Year to date, stocks are down. 1 calendar year though, most are still up.
I'd say it's a few things:
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Stock market loves de-regulation. (Fewer rules -> more profit.
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Stock market loves the promise of corporate tax cuts.
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Even with tarrifs and nonsense, most American stock indices are heavily skewed to the magnificent 7, all of which besides Tesla are fairly immune to global trade.
That’s what I meant. Thanks for the clarification.
Because they have only been dropping for the past month.
Because the rules are made up and the points don't matter.
To put it another way, the house always wins (the richest few % own 90+% of the market).
The Dow is currently down 6.39% over the last month. The last three peaks have all been much lower than the previous peaks.
Maybe I'm missing something, but that link seems to indicate it's down, -2.26% YTD.
My short answer to why it's not down more is simply not enough time has passed for it to impact earnings reports. If all the tariff threats are implemented and stick around, it could be a red summer. And don't forget that most Canadians are boycotting anything made in the US. We just don't know how much of an impact that will have yet.
And that's just tariffs, with the mass deportations happening and everything else that's going on, I think that it's going to get much worse by summer.
And s&p shows down 4.54 ytd
"YTD" is currently 3 months of data
"Past Year" is 12 months
Because things don't turn on a dime. It's going to take some time (and reductions in corporate profits) before it sinks in that the game has changed.
Your link seems to be showing that it’s down 1.65%?
And now it’s down 2.26%
"Three economy" really means "rich people's money" and the filthy rich have been doing just fine
Because the stock is now the core product for many businesses and they basically all come just short of conspiring when it comes to what rules indicate healthy or weak businesses. The value is not as attached to how these businesses actually operate or how their alleged core products are doing anymore. The stock is the product, and everyone involved has incentive to see it grow grow grow no matter what.
The big dogs like M$ burn tons of money on acquisitions and mergers, which makes them look healthy and growing. Then they layoff thousands of people at a time, because that means they’re ruthless and efficient and have a great balance sheet going into their quarterlies. Both of these decisions make the stock grow almost every time.
Just think of it as a mood ring for rich people. The rich people aren't feeling any pain and they're happy to pick up stuff that they want when others want to/are forced to sell.