Investment insights from Capital Group
Every bull market has been longer than the bear market that preceded it
Sources: Capital Group, RIMES, Standard & Poor’s. Includes daily returns in the S&P 500 Index from 13/6/49–30/6/23. The bull market that began on 12/10/22 is considered current and is not included in the “average bull market” calculations. Bear markets are peak-to-trough price declines of 20% or more in the S&P 500. Bull markets are all other periods. Returns are in USD and are shown on a logarithmic scale. Past results are not predictive of results in future periods.
The worst US bear markets were all followed by strong recoveries
Sources: Capital Group, RIMES, Standard & Poor’s. As of 30/6/23. Market declines are based on the five largest price return declines in the S&P 500’s value (excluding dividends and/or distributions) with 100% recovery after each decline. The return for each of the five years after a low is a 12-month return based on the date of the low and is shown in total returns (includes reinvested dividends and/or distributions). Investors cannot invest directly in an index. Past results are not predictive of results in future periods.
Many businesses got their start amid volatile markets
Source: Capital Group. As of 30/6/23. Bear markets are peak-to-trough price declines of 20% or more in the S&P 500. Bull markets are all other periods.
Missing just a few of the market’s best days can hurt investment returns
Sources: RIMES, Standard & Poor’s. As of 30/6/23. Values in USD and excludes the impact of dividends. Past results are not predictive of results in future periods.
Two views of the same investment tell a very different story
Sources: Standard & Poor’s. Short-term view represents the S&P 500 Index and reflects monthly total returns from 30/6/13 through 30/6/23. Long-term view represented by a hypothetical US$10,000 initial investment in the same index from 30/6/13 through 30/6/23.
過去の実績は将来の成果を保証するものではありません。投資の価値および投資収益は減少することも増加することもあり、当初投資額の一部または全部を失うことがあります。本情報は投資、税務もしくはその他の助言の提供、または証券の売買の勧誘を意図するものではありません。
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