Since 1980 it’s happened, a 10% decline from the most recent high, 36 times.  Some color from Ryan Detrick:

  • The average max intra-year pullback is 13.7%; compare that to 2017’s 2.8%.
  • Half of all years (19 out of 38) saw at least a 10% correction during the year.
  • 13 of the 19 years with a correction finished higher on the year.
  • The average total return for the S&P 500 during a year that had a correction was 7.2%.


More:  “The reality is a 10% correction is quite normal. In fact, years that have a correction but don’t fall into a recession tend to bounce back and usually finish green for the year. With our analysis suggesting a small chance of a recession over the next 12 months, recent weakness could prove to be a buying opportunity for long-term investors,” according to Ryan Detrick, Senior Market Strategist.

Read the whole thing:

Hat tip Ryan Detrick/LPL Research