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The current drawdown of the S&P 500 Index (SPX) has been presented for historical perspective. Cullen Roche drew attention to this comparison, noting that viewing a chart of SPX drawdowns going back to 1900 may be unsettling.
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Roche has previously flagged inaccuracies in financial data reporting, pointing out that popular search engines and Yahoo Finance often display incorrect price return figures in past commentary. He has also highlighted CBO data showing the top 1% of earners paid a 31.5% average federal tax rate and contributed 27% of total federal taxes in 2022, according to recent figures. These observations reflect Roche’s ongoing focus on historical data and accuracy in financial analysis.