Write-Downs Continued At Record Low Pace Through First 9 Months Of 2021
0Write-Downs Continued At Record Low Pace Through First 9 Months Of 2021 Write-downs for SP 500 companies through the first nine months of 2021 remain on pace for the lowest levels seen in 15 years. Low write-downs continue a trend we first saw through the first half of 2021 in our report Write-Downs Near 15-Year Lows Post 2020 “Kitchen Sink” . SP 500 Through First Nine Months of 2021: Write-Downs Are 77% Lower Year-Over-Year The total value of pre-tax write-downs for the SP 500 through the first nine months of 2021 is $46.6 billion, or just 17% of the total write-downs in 2020. Our analysis shows write-downs tend to spike when stock markets and economic growth sink, as they did during the financial crisis of 2008, the economic turbulence in 2015, and the pandemic-driven disruptions in 2020. The list changes in each period based on the market caps of the companies in each period. All Cap Companies: First Nine Months of 2021: Write-Downs by Quarter In 1Q21, our All Cap index of companies disclosed $19.7 billion of pre-tax write-downs.