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Past Bear Markets Have Tended To Be Shorter Than Bull Markets – 1966-2022
Average Duration: Bull Market 2,069 days, Bear Market 446 Days
Average Return: Bull Market 209.2%, Bear Market -38.4%
Source: Schwab Center for Financial Research with data provided by Bloomberg as of 12/31/2021.
The market is represented by daily price returns of the S&P 500 index. Bear markets are defined as periods with cumulative declines of at least 20% from the previous peak close. Its duration is measured as the number of days from the previous peak close to the lowest close reached after it has fallen at least 20%, and includes weekends and holidays. Periods between bear markets are designated as bull markets. Indices are unmanaged, do not incur fees or expenses, and cannot be invested in directly. Past performance is no guarantee of future results.