October was a roller coaster month bringing equities, as measured by the Standard and Poor’s 500 Index, roughly 7% below their September levels. Such volatility has brought a lot of emotions including fear and uncertainty into the forefront for many investors.
While unnerving, the market pullback is a reminder of what are defined as more “normal” markets. It has been several years since markets have seen historically “normal” volatility. Since 1980, the Standard and Poor’s 500 Index has had an average intra-year decline of 13.8% while posting positive returns in 29 of those 38 years. Despite these averages, the Standard and Poor’s 500 Index has had markedly little volatility over the last several years, not experiencing an “average” intra-year decline since 2011.
Financial Principles, LLC is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.