A Bear Market, a Bull Market

A BEAR MARKET

WHAT IS IT?
When a market index (like the S&P 500) falls 20% or more from its peak.

HOW OFTEN?
On average, a bear market occurs every 56 months.

HOW LONG?
On average, a bear market lasts 9.6 months.

A BULL MARKET

WHAT IS IT?
When the market has risen 20% or more above its near-term lows.

HOW OFTEN?
Bull markets have occurred for 78% of the past 91 years.

HOW LONG?
The average length of a bull market is 3.8 years with the longest being the 11-year run from 2009 to 2020.