Exactly right. Otherwise we have to argue that 18 of the 20 worst days in economic history happened in the last 3 years, far surpassing the crashes of 1929 or 1987.

It’s 6th (yesterday) and 7th (today) by rate.

I agree. Sorted by percentage: 2025-04-04 is #7 (−5.50%) and 2025-04-03 is #12 (−3.98%)

As a price-weighted measure, even a percentage drop is not that comparable over time.

The article has both, but then we could also look at percentage change in a time span longer than a day or shorter. Those lists are arbitrary but Trump has added to this list two days in a row.

for derivatives traders, points is good enough, given how options prices are calculated

but yeah, it is a red herring in an industry that’s obsessed with hyperbolic phrasing