My buddy Ryan Detrick shared the below at LPL Research and I wanted to make sure you’d seen it.
An illustration like this makes you wonder why so many people choose to
focus obsess on the incidences of negative returns in a given year (boxes left of center). The red boxes don’t represent negative years for stocks, just years in which a recession occurred. You’ll be surprised to find some green years (economic growth) having down-stock market performance and some red years with gains. It’s counterintuitive but so is a lot about the interplay between markets and economics.
Click to embiggen this bad boy: