S&P 500 Index - Number of 5% Corrections Per Year

Since 1990, there has been an average of 3.3 separate 5% declines for the S&P 500 per year.

In a late business cycle, volatility increases. This is why, in 2019, we could see several drops of 5%.

Image: LPL Financial LLC

S&P 500 Index 5% Correction Per Year