Under the Hood Q1 2022
by Danno Q1 was a wild ride for investors globally. Don't be surprised if that continues for a little bit. To reiterate from last quarter... " We can't know what 2022 will hold, but I'm pretty confident it isn't going to be as smooth as 2021." If you look at the S&P 500 on a... Daily basis, you can expect it to be down about 47% of the time. Monthly basis, you can expect it to be down ~37% of the time. Quarterly basis, you can expect it to be down ~31% of the time. Annual basis, you can expect it to be down ~25% of the time. 5-year basis, you can expect it to be down ~12% of the time. 10-year basis, you can expect it to be down ~6% of the time. 20-year basis, you can expect it to be down ~0% of the time. Here is the update to JP Morgan's outstanding perspective on annual max drawdowns in the S&P... This is normal. What's weird is years like 2021 where it's smooth sailing and we only have a few 4%-5% selloffs. What's also weird this