From Anthony Risola of Ritholtz Wealth Management:
More on the subject:
Since 1950, the S&P 500 Index has been in a bear market (greater than a 20% loss) 9 times.
Seven of those took place during a recession.
In other words, you ‘can’ get a bear market without a recession, but history would say it is quite rare.
In the 38 years between 1980 to 2017, 19 yrs saw at least a 10% S&P 500 Index peak-to-trough correction.
13 of those 19 years still finished year positive.
The 6 that didn’t all took place during a recession.
In other words, a 10% correction is normal, but so is a positive year if you avoid a recession.
Hat tip Ryan Detrick.