Chart of the Week 1-11-2023

Damon Walker, AIF | January 11, 2023

A message from Edge Investment Solution's Damon Walker:

Chart of the Week

New Year, New S&P 500?

EQUITIES

The S&P 500’s performance in 2022 was its seventh worst since inception and the third worst since 2000. Episodic volatility, lack of earnings growth, and a high cost of capital may pose headwinds for US equities in 2023, but there is a silver lining: since 1928, the index has only delivered consecutive years of negative returns eight times. History may be on investors’ side as positive S&P 500 annual returns have followed a down year more than two-thirds of the time.

Source: Bloomberg and Goldman Sachs Asset Management. As of December 31, 2022.