Updated Graph of Buffett Indicator (2nd quarter, 2023)

This page updates the graph of the Buffett Indicator for the 2nd quarter of 2023. The Buffett Indicator of this site is the ratio of Wilshire 5000 stock price index to nominal GDP. The indicator has been decreasing from 1.638 in the 3rd quarter 2021 to 1.166 in the 1st quarter 2023. The indicator seems to remain at the same level for the 2nd quarter. (Caution: the date source of this site, FRED, does not provide the Wilshire 5000 date for June, 2023.)

Year	Quarter	Nominal GDP (red, left scale)	Wilshire5000 Index Quarterly mean (blue, right scale)	Wilshire5000 Index Fitted value (red, right scasle)	Wilshire5000 Index Q.mean÷F.value
2021	1st	22,314	194.3	121.1	1.601
	2nd	23,047	208.4	128.5	1.618
	3rd	23,550	219.5	133.7	1.638
	4th	24,349	227.4	142.2	1.595
2022	1st	24,740	216.2	146.4	1.473
	2nd	25,248	197.2	152.0	1.295
	3rd	25,724	192.3	157.3	1.220
	4th	26,138	186.5	162.4	1.149
2023	1st	26,530	194.6	166.9	1.166
	2nd	N/A	200.1	N/A	N/A