...one for the record.
S&P 500 FALLS 24% ON AVERAGE WHEN A RECESSION HITS
In the past, the average S&P 500 peak-to-trough decline around the last 12 recessions was 24%.
The index fell by 34% in the 2020 COVID CRISIS.
During the Great Financial Crisis, the drop was as much as 57% and 49% in 2001.
https://x.com/GlobalMktObserv/status/1837937410165858591
