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TERADAT SANTIVIVUT
The above desk provides readers the S&P 500 “annual” or annualized returns for numerous time durations, via 9/30/23.
Since January 1, 2000, via September 30 ’23, the S&P 500 has returned 6.61%, which is beneath common, if we checked out arithmetic returns for the S&P 500 since 1970 (mentioned beneath).
What ought to give readers pause is the annual returns for the S&P 500 since March 9, 2009, after which the last decade from 2010 via 2020. The annual returns for these durations are above common.
Nevertheless, observe that since January 1, 2020, via September 30 ’23, the annual return is again into the high-single digits, and possibly appears worse after immediately’s motion. That annual return from January 1, 2020 via September 30 ’23 is now beneath common once more.
Bond market annual returns:
This information set continues to be a work in progress however the Treasury ETFs had been added as of September 30 ’23.
No shock that credit score threat – HYG and LQD – are profitable over period threat, however in some unspecified time in the future that can change.
These 10-year returns are simply barely constructive.
Type Field Replace:
This fashion field replace (high half) exhibits 2023 returns in addition to 2022 returns comparisons on the far proper, after which annual returns within the decrease desk.
It’s nonetheless progress over worth in ’23 and huge cap over the smaller cap universe.
3-year returns present worth outperforming progress, most likely due to the power sector.
Abstract/conclusion: Since this information is up to date each 6 weeks, it could as nicely be written about, since writing helps soak up and analyze the information. Readers can take what they need from it.
The S&P 500 annual returns are attention-grabbing: Utilizing the outdated Ibbotson information (Ibbotson was acquired by Morningstar years in the past, which was a sensible transfer by Morningstar), if we merely plotted the S&P 500’s annual return since 1970 or for 53 years, the arithmetic common is 11.89%, which is sort of half the S&P 500’s annual return since January 1, 2000, of 6.61%.
One argument for the S&P 500 nonetheless being in a secular bull market is that we’re nonetheless working off the 2000 to 2009 decade’s returns.
The development within the 10-year Treasury yield shouldn’t be serving to the S&P 500. Discuss a moist blanket.
Take all of this as one opinion. Previous efficiency isn’t any assure of future outcomes.
Thanks for studying.
Editor’s Notice: The abstract bullets for this text had been chosen by Looking for Alpha editors.
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