Updated Graph of Buffett Indicator (4th quarter, 2022)

This is the updated graph of the Buffett Indicator for the 4th quarter of year 2022. The Wilshire5000 Index had declined from 1.645 in the 3rd quarter of 2021 to 1.226 in the 3rd quarter of 2022. In the 4th quarter of 2022, the index was about 20% higher than the level corresponding to nominal GDP. The index kept declining, but its downward speed seemed slowing down. Hopefully, the index would reach its trough in a few quarters.

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	120.8	1.608
	2nd	23,047	208.4	128.2	1.626
	3rd	23,550	219.5	133.4	1.645
	4th	24,349	227.4	141.9	1.603
2022	1st	24,740	216.2	146.1	1.480
	2nd	25,248	197.2	151.7	1.300
	3rd	25,724	192.3	156.9	1.226
	4th	N/A	186.5	N/A	N/A