Wednesday the S&P 500 closed -2.32%, of the past 16,032 sessions, 417 closed ≤ -2.00%. This comprises 2.6% of all sessions from 1961-Present.
While ≤ -2.00% sessions are not common, they do tend to cluster around significant historical events.
Of these 416 sessions:
5.5% occurred during the 2022 Bear market.
10.8% occurred during the 2019-2020 COVID market.
19.2% occurred during the 2007-2009 Global Financial Crisis.
14.4% occurred during the 2000-2002 Dotcom Bubble.
4.8% occurred during the 1987’s Black Monday.
Perhaps most interesting, over half of these events happened in the last 21 of 63 years.
While ≤ -2.00% sessions are not common, they do tend to cluster around significant historical events.
Of these 416 sessions:
5.5% occurred during the 2022 Bear market.
10.8% occurred during the 2019-2020 COVID market.
19.2% occurred during the 2007-2009 Global Financial Crisis.
14.4% occurred during the 2000-2002 Dotcom Bubble.
4.8% occurred during the 1987’s Black Monday.
Perhaps most interesting, over half of these events happened in the last 21 of 63 years.
