Markets are never a straight ride up. Since 1980, the S&P 500 has averaged double‑digit gains while dropping roughly 14% each year. Volatility is simply the cost of long-term reward
The Standard & Poor’s 500 Index (SPX) 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