By Ben Carlson, CFA
A Wealth of Common Sense
In the depths of the stock market crash in March, the S&P 500® Index had fallen nearly 34% from all-time highs in about four weeks.
At that point, the year-to-date return for the S&P was a loss of more than 30%. As of the close of the market on Wednesday (November 19, 2020), it’s now up more than 12%.
There are still six weeks or so left in the year, but as of this moment, the massive swing from huge losses to a gain will likely go down as the biggest stock market reversal in history.
I looked back at the intra-year losses for the S&P 500 from 1928 through 2020. Here are those intra-year losses paired with how the stock market finished the year.