This chart shows intra-year stock market declines (pink dot and number), as well as the market’s return for the full year (gray bar). What is clear is that the market is capable of recovering from intra-year drops and finishing the year in positive territory, which should encourage clients to stay the course when markets get choppy.

H/T Barry Ritholtz

S&P 500 Intra-Year Declines

S&P 500 Intra-Year Declines

Source: JPMorgan