Chart of the Day - Friday, July 12th, 2019
July 12, 2019
Today's Chart of the Day was shared by Rich Meatto (@koyfinTrader). It's an area chart of the S&P 500 over the past decade with a histogram of trailing 12-month returns in the bottom panel. Rich says the resilience of the S&P 500 has been "amazing" over the past decade as the trailing annual return has only been negative for a handful of weeks. This chart speaks to the strength of the secular bull market US Equities have experienced off of the financial crisis lows. The market is either in a state of all-time highs or a drawdown at any given period... and at least on a 12-month basis, drawdowns have been all but absent over the past 10 years.