Scatter chart shows the duration and magnitude of S&P 500 bull markets from 1932 to Q1 2022.
Y-axis: Bull market price return (%); X-axis: bull market length (months)
Table contains the dates, length and price return for each bull market.
|Date||Length (months)||Price return|
|1932 – 1937||57||324%|
|1942 – 1946||49||158%|
|1949 – 1957||86||263%|
|1957 – 1961||50||86%|
|1962 – 1966||43||80%|
|1966 – 1968||26||48%|
|1970 – 1973||32||74%|
|1974 – 1980||74||126%|
|1982 – 1987||60||229%|
|1987 – 1990||31||65%|
|1990 – 2000||113||417%|
|2002 – 2007||60||101%|
|2009 – 2020||136||401%|
|Mar 2020 – present||24||102%|
Sources: Bloomberg and Wells Fargo Investment Institute, as of March 31, 2022. For illustrative purposes only. A price index is not a total return index and does not include the reinvestment of dividends. The S&P 500 Index is a market capitalization-weighted index composed of 500 stocks generally considered representative of the US stock market. Index returns do not represent investment performance or the results of actual trading. Index returns represent general market results and do not reflect deduction for fees, expenses or taxes applicable to an actual investment. There is no certainty that U.S. markets will continue to show resilience despite crisis events. Investing in stocks involves risk and their returns and risk levels can vary depending on prevailing market and economic conditions. An index is unmanaged and not available for direct investment. Past performance is no guarantee of future results. There is no guarantee equity markets will perform similarly during other periods of uncertainty. All investing involves risk including the possible loss of principal.
- Historically, recoveries after each bear market regained the losses and more. The current bull market recouped the losses from the previous bear market in record time.
- Bull markets, on average, are longer in duration than bear markets. It is interesting to note that the two longest bull markets have comprised nearly 21 of the past 30 years.