Even Years That Gain 20% Have A Bad Day

28 years ago on Aug 31, 1998, the S&P 500 fell 6.8% on the Russian ruble crisis/default and LTCM collapsing. Stocks still gained nearly 27% that year. Good reminder that even the very best years have a day day or two.

Ryan Detrick, CMT on X: "28 years ago on Aug 31, 1998, the S&P 500 fell 6.8% on the Russian ruble crisis/default and LTCM collapsing. Stocks still gained nearly 27% that year. Good reminder that even the very best years have a day day or two." / X

The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries