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Bill’s By The Number$

Posted by: Lisa Navarro | Posted on: April 25th, 2022 | 0 Comments

  1. BEHIND THE AVERAGE– The S&P 500 was up +15.6% (total return) over the 1-year ending 3/31/2022, an average monthly gain of +1.22% (total return). However the index actually fell in 4 of the last 12 months, postings monthly results that ranged from a gain of +7.0% (total return) to a loss of 5.2% (total return).  The S&P 500 consists of 500 stocks chosen for market size, liquidity and industry group representation.  It is a market value weighted index with each stock’s weight in the index proportionate to its market value (source: BTN Research).
  1. BIG SWINGS – The yield on the 10-year Treasury note was cut in half during the first year of the pandemic (2020), falling from 1.91% on 12/31/2019 to 0.91% on 12/31/2020. That movement in rates has flipped around in the first 16 weeks of 2022 as the yield on the 10-year Treasury note has nearly doubled, rising from 1.50% on 12/31/2021 to 2.91% as of last Friday’s close on 4/22/2022 (source: Treasury Department).
  1. IMPACT OF THE PANDEMIC – The United States had 3.459 million deaths in 2021, up from 3.382 million deaths in 2020, which was up from a pre-pandemic 2.855 million deaths in 2019 (source: Centers for Disease Control and Prevention).
  1. A CHANGE AT THE TOP – A 2020 study from “The Lancet,” an international weekly general medical journal founded 199 years ago in 1823, predicted that by the year 2100 the 4 largest populated countries in the world will be India, Nigeria, China and the United States (source: The Lancet).
  1. MISSING FROM WORK – An estimated 3.4 million American workers dropped out of the US labor force since early 2020 when the global pandemic began and have chosen not to return, i.e., the difference between a projected 167.8 million workers that would have been in the labor force if the pandemic had not occurred vs. 164.4 million workers actually in the labor force as of March 2022 (source: Department of Labor).
  1. THEY SHOULD BE – 41% of 1,168 American retirees surveyed in June 2021 were “very concerned” or “somewhat concerned” that the value of their retirement accounts might not keep pace with inflation (source: Society of Actuaries Research Institute 2021 Retirement Risk Survey).
  1. CHINESE GROWTH GOAL – China’s growth target for its economy in calendar year 2022 is a gain of +5.5%. The US economy has grown at least +5.5% in just 4 of the last 50 years (1972-2021), i.e., 1973, 1978, 1984 and 2021 (source: Bureau of Economic Analysis).
  1. WE’LL SEE – Widely-followed Wall Street analyst Ed Yardeni predicted in early April 2022 that Europe has a 50% chance of suffering a recession in 2022 while the US has a 30% chance (source: Yardeni Research, Inc.).
  1. HIS RESPONSE TO HIGH FUEL COSTS – Reversing a 1/27/2021 executive action taken by President Biden that stopped the leasing of federal land for drilling purposes, the Biden administration last week restarted the leasing program on 144,000 acres of public land across 9 different states, i.e., 225 square miles of land. Oil and gas producers will pay a royalty of 18.75% on the revenue generated from drilling (source: White House).
  1. WHAT THEY’RE PAID – The president of the United States is paid $400,000 a year, while the vice president is paid $230,700 annually (source: White House).
  1. THE ORACLE OF OMAHA – The home at 5202 Underwood Avenue in Omaha, NE where Warren Buffett started his first investment partnership in May 1956 goes on the market tomorrow (4/26/2022) for $799,000. Buffett, the 5th wealthiest person in the world, rented the home for $175 a month in 1956 (source: Omaha World Herald).
  1. DWINDLING SUPPLY – The number of existing homes for sale nationwide at the end of March 2022 was 950,000. The number of existing homes for sale at the end of March 2017 was 1.8 million.  The number of existing homes for sale at the end of March 2012 was 2.32 million.  The number of existing homes for sale at the end of March 2007 was 3.81 million (source: National Association of Realtors).
  1. TAXES – The average property taxes paid on a single family home in the United States in 2021 was $3,719, equal to 0.9% of the fair market value of the average home nationwide (source: Attom Data Solutions).
  1. GO FLY AWAY – The busiest 3 airports in the world (as measured by 2021 passenger traffic) are Atlanta (GA), Dallas-Fort Worth (TX) and Denver (CO) (source: Airports Council International).
  1. HIGH HEATHunter Greene, rookie pitcher for the Cincinnati Reds, made his 2nd MLB start on 4/16/2022. Greene threw 80 pitches in his 5 1/3 innings of work vs. the Dodgers, including 39 fastballs of at least 100 mph.  That’s the greatest number of 100 mph pitches in one game in MLB history (source: MLB).

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