One of the most conspicuous characteristics of the bear market of 2022 has been the stock market’s almost unrelenting grind lower. Unlike March 2020, when most of that year’s volatility was packed into the span of a month, this year’s selloff has dragged on and on. As it turns out, this is something uncommon in the history of the U.S. stock market, according to an analysis by LPL Financial.
The percentage of “up” days for the S&P 500
so far this year through the close on Wednesday stands at just 43.3%, according to Dow Jones Market Data. According to LPL, this is the lowest such percentage since 1974, as the chart below shows. Including Wednesday, the S&P 500 has finished with a positive daily return during 87 trading days, while 114 have seen it finish lower. Over the last 10 years, the S&P 500 saw a daily gain during an average of 55.06% of all trading sessions, according to DJMD. In the chart below, all percentages are for the full year, except for 2022. Due to the timing of this report’s publication, the figures in the chart are accurate through Tuesday’s close.