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S&P 500 Back at the High, What Now?

By:

Head of SPDR Americas Research

The S&P 500 recently surpassed its previous all-time high, marking the fastest recovery from a bear market in history. Matthew Bartolini dives into the event and offers insight in his latest post.

On August 18, 2020, the S&P 500 surpassed its previous all-time high, which it had hit on February 19, 2020. This marks the fastest recovery from a bear market in history, coming in at 159 days from the date of the 20 percent drawdown and far outpacing the prior “quickest recovery” titleholder of 248 days, which occurred in 1967. In fact, this is more than 1,000 days faster than the average recovery time, which is 1,160 days.

Date of 20% DrawdownDate of New HighDays to Recover
3/12/20208/18/2020159
7/9/20083/28/20131,723
3/12/20015/30/20072,270
10/19/19877/26/1989646
2/22/198211/3/1982254
11/27/19737/17/19802,424
1/29/19703/6/1972767
8/29/19665/4/1967248
5/28/19629/3/1963463
10/21/19579/24/1958338
10/28/19299/22/19549,095

Source: Bloomberg Finance L.P. as of 8/18/2020.

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Glossary

S&P 500® Index
A popular benchmark for U.S. large-cap equities that includes 500 companies from leading industries and captures approximately 80% coverage of available market capitalization.

Originally Posted on August 18, 2020 – S&P 500 Back at the High, What Now?

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