Current Market Drawdown Among Longest Since 1950, But History Shows Eventual Recovery Likely
-
Current market drawdown is 9th longest since 1950, at 451 days and -10% from peak
-
Some past long drawdowns were followed by recovery back to previous peaks
-
Longest drawdown was 1,898 days from 1973-1974
-
Historically, broad trend after peak drawdowns is recovery, but with fits and starts
-
Timing of recovery from current drawdown is uncertain, likely to ebb and flow with news
-
Eventually market expected to regain previous peak, but timing unclear given uncertainty
