Market Update: Our View on Recent Market Volatility
February 12, 2018
U.S. and world equity markets declined last week before rebounding last Friday and today. At the trough last Thursday, February 8th, the S&P 500 was 10% below the most recent peak. For a longer-term perspective, the graph below highlights all corrections greater than 10% since 1928. Encouragingly, according to Ned Davis Research, since 1945 there have been 27 S&P 500 declines of between 10% and 20%, and the average time to recover has been 4 months.
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