Yesterday marked "the five-year anniversary of the equity market peak before the COVID-induced bear market ... The [S&P 500] has achieved 149 record highs and climbed ~95% on a total return basis (14.3% annualized) since [then]." @LarryAdamRJ https://t.co/yH7E3YCutI
5 years already?! S&P peaks before COVID sparks 'most vicious' bear market $SPX H/T @RyanDetrick https://t.co/eR7h4Qeqdb
Crazy stat, but the S&P 500 is up 81.0% since right before the COVID bear market started. That comes up to an annualized return of 12.6% over the past four years! A 100-year pandemic and a vicious 25% bear market in 2022, yet investors were rewarded at a 12.6% clip. Wow.

The S&P 500 index reached an all-time high (ATH) on February 18, 2025, marking the fifth anniversary of its pre-COVID peak, which occurred on February 19, 2020. Since that peak, the index has increased by approximately 81%, translating to an annualized return of 12.6% over the past four years. Despite experiencing a nearly 34% decline in the month following the pandemic peak and a subsequent bear market in 2022, the S&P 500 has recorded 149 record highs and climbed nearly 95% on a total return basis since the downturn. The anniversary serves as a reminder of the market's recovery and resilience in the face of unprecedented challenges.

