Source: Direxion Funds
February 15, 2018
- Since 1950, there have been 59 different 10-year periods (i.e., the 10-years from 1950-59, 1951-60, 1952-61, . . . 2008-2017). The S&P 500 index produced an average annual total return of less than +7% during 15 of the 59 decade-long periods (25% of the time). 19 of the 59 periods (32% of the time) resulted in an average annual total return of at least +14%.
- During those 59 different 10-year periods, the S&P 500 has produced a positive total return result in 57 of the 59 decade-long periods (97% of the time), and at least 6% per (total return) in 48 of the 59 periods.
- After closing at 2873 on Friday 1/26/18, it took just 13 days for the S&P 500 to fall 10.2% (to 2581) by the close of trading on Thursday 2/08/18. The 13-day correction (i.e., a drop of at least 10% for the stock index) was the fastest correction in the last 50 years. The next quickest correction was a 20-day drop that occurred in October 1997.