Broker Check

Chart of the Week 10-10-2022

| October 10, 2022

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Chart of the Week

Don’t Dread the Drawdown


The S&P 500 reached a fresh low last week, closing –25% down from its January peak. While US equities may experience further downside, history suggests that those who stay the course have been rewarded. Historical drawdowns of 25% or more have delivered a forward one-year return of 27%, on average, with longer investment periods proving even more compelling. Timing the market bottom is difficult, but investors early to this recovery may see favorable returns over time.

Source: Bloomberg and Goldman Sachs Asset Management. As of October 6, 2022.