S&P 500 Intra-Year Declines vs. Calendar Year Returns On average, investors have to live through a 14% drawdown each year, but the S&P 500 has still ended higher in 35 of the past 46 years. That’s the trade-off for long-term gains. Image: J.P. Morgan Asset Management
S&P 500 Index Max Pullback per Calendar Year Markets are never a straight ride up. Since 1980, the S&P 500 has averaged double‑digit gains while dropping roughly 14% each year. Volatility is simply the cost of long-term reward. Image: Carson Investment Research
Distribution of 1-Year S&P 500 Returns in Non-Recession Years Double‑digit losses are a rarity outside recessions, just 5% of the time. But when growth kicks in, the S&P 500 usually surges, notching double-digit gains nearly 70% of the time and ending higher in 85% of those years. Image: Carson Investment Research
Average Equity Fund Flow by Calendar Month Over the Past Decade Excluding U.S. Election Years History says year-end momentum has legs: outside U.S. election years, equity flows spike in December and stay strong through Q1—adding weight to the case for retail strength through early 2026. Image: J.P. Morgan Flows and Liquidity
S&P 500 and Stoxx600 – Q3 2025 Reporting Season Calendar About 16% of S&P 500 firms report earnings this week, but the real test comes next week, with roughly 44% set to deliver results—a pivotal moment that could set the tone for the rest of the season. Image: J.P. Morgan
S&P 500 Performance When There is a 6-Day Win Streak During a Calendar Year Bulls once again have reason to smile: a six-day S&P 500 winning streak has preceded positive annual performance in 15 out of 16 years since 2005, with 2018 being the only exception. Image: Carson Investment Research
S&P 500 Shiller CAPE vs. Subsequent Calendar-Year Total Return In the short run, the Shiller CAPE ratio often gets lost in the market’s noise. Over five to ten years, however, its warning grows clearer: the higher the valuations, the thinner the returns. Image: Goldman Sachs Global Investment Research
MSCI AC World Calendar Year Returns vs. Intra-Year Declines Despite median intra-year drops of 15%, the global equity index ended positively in 34 of the past 45 years—highlighting the value of long-term investing over reacting to short-term volatility. Image: Goldman Sachs Global Investment Research
Largest Calendar Year Peak to Trough S&P 500 Drawdown The S&P 500 has shown resilience over extended periods, often delivering positive annual returns despite experiencing significant intra-year volatility. Over the past 40 years, the median annual drawdown of the index has been 10%. Image: Goldman Sachs Global Investment Research
Number of Calendar Days the Correction Lasted for the S&P 500 S&P 500 corrections have varied significantly since 1928. The average correction lasts 185 days, with a median of 52 days. Interestingly, in 10 of 60 instances, the S&P 500 was in correction territory for just one day. Image: Deutsche Bank
2 Year Calendarized S&P 500 Performance Starting in January The remarkable rise in the S&P 500 over the past two years is one of the strongest since 1928, bringing joy to market bulls. Image: Goldman Sachs Global Investment Research