Historic Speed: S&P 500 Rebounds to New Highs
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Kim Inglis, Senior Portfolio Manager at Raymond James, highlights the remarkable resilience of the S&P 500, which recently staged its fastest recovery to new record highs following a drawdown of 7% or more in nearly 50 years. The rebound, coming after a 9% pullback, ranks in the 99th percentile of returns since 1980—underscoring the strength of the current market environment.
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Kim Inglis:
Hi, I'm Kim Inglis, Senior Portfolio Manager with Raymond James. The chart that I've got here for you today, does a great job of highlighting the resiliency of the market. As we all have experienced, the S&P 500 recently went through a 9% drawdown, obviously, in relation to the tensions in the Middle East and the oil prices spiking and, and all that sort of thing. But it subsequently went on to recover, to a new high, and it happened to do so, one of the fastest in the last fifty years. You know, to put that into perspective, that puts it in the ninety-ninth percentile, in terms of, of recoveries from drawdowns of seven percent or more, which is rare, but it's also pretty significant in that it highlights the strength of the underlying market.