2023-10-27 23:57:20
The S&P 500 index fell into correction territory on Friday (27th), the 103rd time in history. Data shows that investors have a bargain hunting opportunity, and the S&P will rise by an average of regarding 10% in one year.
The S&P 500 Index will follow on Friday (27th)that fingerEntering correction territory, preliminary FactSet data showed that the S&P closed down regarding 0.5% on Friday to close at around 4,117 points. The index is down 10.3% from its high of 4,588.96 points on July 31, 2023.
However, investors may not need to worry too much. Data show that in the past 15 S&P corrections, it took an average of three months to regain lost ground, and a year later, the index rose an average of 10.1%.
In the past 15 S&P corrections, it took an average of three months to regain lost ground (Photo: marketwatch)
Since 1928, the S&P has gained an average of regarding 9.1% per year following corrections.
Since 1928, the S&P has gained an average of regarding 9.1% per year following corrections (Photo: marketwatch)
FactSet data shows that the S&P has risen regarding 7.2% this year.that fingerThe increase reached 20.8%, whileDow Jonesdown 2.2%.
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