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<\/p>\nBryan Taylor, Chief Economist, Finaeon<\/p>\n
<\/p>\n
25 years ago: June 1995<\/strong><\/span><\/p>\n S&P 500: 544.75 (vs. 3066.59 in 06\/2020)<\/p>\n 10-year U.S. Government Bond Yield: 6.21% (vs. 0.71% in 06\/2020)<\/p>\n Gold: $387.05 (vs. $1710.45 in 06\/2020)<\/p>\n Oil: $17.375 (vs. $37.07 in 06\/2020)<\/p>\n GBP\/USD: 1.5945 (vs. 1.2615 in 06\/2020)<\/p>\n US GDP: $7,581 billion (vs. $21,534 billion in 03\/2020)<\/p>\n US Population: 266 million (vs. 331 million in 2020)<\/p>\n 06\/02\/1995: United States Air Force Captain Scott O’Grady’s F-16is shot down over Bosnia while patrolling the NATO no-fly zone. The downed U.S. Air Force pilot Captain Scott O’Grady is rescued by U.S. Marines in Bosnia on June 8.<\/p>\n 06\/14\/1995: After OPEC’s semi-annual meeting in Vienna, President Ida Bagus Sudjana discloses the Organization’s intention to roll over its present crude oil production ceiling of 24.52 million barrels per day (3,898,000m3\/d). The announcement is followed by a trip to Norway by Saudi Arabian Oil Minister Hisham M. Nazer. Upon arriving, the Saudi Minister asks Norwegian Minister of Industry and Energy Jens Stoltenberg to restrain his country’s oil production in the hopes of stabilizing world oil prices. (FT, DJ)<\/p>\n 06\/24\/1995: “Rugby World Cup final”: South Africa defeats New Zealand, Nelson Mandela presents Francois Pienaar with the Webb-Ellis trophy in an iconic post-apartheid moment.<\/p>\n 06\/26\/1995: Attempted assassination of Egyptian president Hosni Mubarak in Addis Ababa.<\/p>\n 06\/29\/1995: The Sampoong Department Store collapses in the Seocho-gu district of Seoul, South Korea, killing 501 and injuring 937. Space Shuttle program: STS-71Mission (Atlantis) docks with the Russian space station Mir for the first time.<\/p>\n 06\/30\/1995: Exxon signs a $15.2-billion deal to develop oil and gas fields near Russia’s Sakhalin Island. The Sakhalin I project will develop the offshore Shayvo, Odoptu, and Arkutun-Dagi fields that together are estimated to contain 2.5 billion barrels (400,000,000m3) of crude oil and 15trillion cubic feet (420km3) of natural gas. Exxon has a 30 percent stake in the project. (NYT, DJ)<\/p>\n 50 years ago: June 1970<\/span><\/strong><\/span><\/p>\n S&P 500: 72.72 (vs. 3066.59 in 06\/2020)<\/p>\n 10-year U.S. Government Bond Yield: 7.68% (vs. 0.71% in 06\/2020)<\/p>\n Gold: $35.49 (vs. $1710.45 in 06\/2020)<\/p>\n Oil: $3.21 (vs. $37.07 in 06\/2020)<\/p>\n GBP\/USD: 2.3961 (vs. 1.2615 in 06\/2020)<\/p>\n US GDP: $1,067 billion (vs. $21,534 billion in 03\/2020)<\/p>\n US Population: 209 million (vs. 331 million in 2020)<\/p>\n 06\/04\/1970: Market worried by Nixon’s statement that Middle East is bubbling up and about to explode.<\/p>\n 06\/11\/1970: After being appointed on May 15, Anna Mae Hays and Elizabeth P. Hoisington officially receive their ranks as U.S. Army Generals, becoming the first females to do so.<\/p>\n 06\/13\/1970: “The Long and Winding Road” becomes The Beatles’ last U.S. number one song.<\/p>\n 06\/15\/1970: Charles Manson goes on trial for the Sharon Tate murders.<\/p>\n 06\/19\/1970: Edward Heath (Conservative) became Prime Minister of Great Britain<\/p>\n 06\/21\/1970: Penn Central declares Section 77bankruptcy, largest ever US corporate bankruptcy up to this date.<\/p>\n 06\/29\/1970: Dow Jones Transportation Average hit 12-year low on weakness among rails.<\/p>\n 06\/30\/1970: U.S. troops withdrawn from Cambodia. NYSE presented its brokerage commission proposal to SEC. Income tax surcharge, in effect since April 1, 1968, ended.<\/p>\n 100 years ago: June 1920<\/span><\/strong><\/span><\/p>\n S&P 500: 7.87 (vs. 3606.59 in 06\/2020)<\/p>\n 10-year U.S. Government Bond Yield: 5.54% (vs. 0.71% in 06\/2020)<\/p>\n Gold: $20.67 (vs. $1710.45 in 06\/2020)<\/p>\n Oil: $6.10 (vs. $37.07 in 06\/2020)<\/p>\n GBP\/USD: 3.9437 (vs. 1.2615 in 06\/2020)<\/p>\n US GDP: $84 billion (vs. $21,734 billion in 03\/2020)<\/p>\n US Population: 106.46 million (vs. 329 million in 2020)<\/p>\n 06\/04\/1920: Hungary loses 71% of its territory and 63% of its population when the Treaty of Trianon is signed in Paris.<\/p>\n 06\/11\/1920: Presidential Campaign: Republicans nominate Harding on 10th (Chicago). League of Nations vs. Normalcy. Republicans spend $8,100,000.<\/p>\n 06\/12\/1920: The Soviet Union recognized Lithuanian independence.<\/p>\n 06\/15\/1920: A new border treaty between Germany and Denmark gives northern Schleswig to Denmark. Duluth lynchings in Minnesota.<\/p>\n 06\/25\/1920: Constantin Fahrenbach (Centre) became Chancellor of Germany<\/p>\n 200 years ago: June 1820<\/span><\/strong><\/span><\/p>\n S&P 500\/GFD US-100: 1.611 (vs. 3606.59 in 06\/2020)<\/p>\n 10-year U.S. Government Bond Yield: 4.286% (vs. 0.71% in 06\/2020)<\/p>\n Gold: $19.39 (vs. $1710.45 in 06\/2020)<\/p>\n GBP\/USD: 4.417 (vs. 1.2615 in 06\/2020)<\/p>\n US GDP: $727 million (vs. $21,534 billion in 03\/2020)<\/p>\n US Population: 9.6 million (vs. 331 million in 2020)<\/p>\n 06\/09\/1820: Trial of Queen Caroline. Loan of 5,000,000 and 7,000,000 in Exchequer Bills issued in London.<\/p>\n \u00a9 2020 Global Financial Data. Please feel free to redistribute this Events-in-Time Chronology and credit Global Financial Data as the source.<\/p>\n","protected":false},"excerpt":{"rendered":" Bryan Taylor, Chief Economist, Finaeon 25 years ago: June 1995 S&P 500: 544.75 (vs. 3066.59 in 06\/2020) 10-year U.S. Government Bond Yield: 6.21% (vs….<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,129],"tags":[],"class_list":["post-2652","post","type-post","status-publish","format-standard","hentry","category-insights","category-july-2020"],"acf":[],"_links":{"self":[{"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/posts\/2652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/comments?post=2652"}],"version-history":[{"count":2,"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/posts\/2652\/revisions"}],"predecessor-version":[{"id":2655,"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/posts\/2652\/revisions\/2655"}],"wp:attachment":[{"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/media?parent=2652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/categories?post=2652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxrezmedia.com\/website_131ddb8a\/wp-json\/wp\/v2\/tags?post=2652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}