One Of The Worst Starts Ever After 100 Days, But There Is Hope

Posted by Ryan Detrick, CMT, Chief Market Strategist

Thursday, May 26, 2022

Yesterday was the 100th trading day of the year for 2022 and although stocks managed to gain about 1%, it was still the worst start to a year since 1970 for the S&P 500 Index.

In fact, it is the fourth worst start to a year ever after 100 days, with only 1932 (Great Depression), 1940 (World War II), and 1970 (Vietnam and a recession) worse.

There is actually some good news in there though, as we’ve usually seen the previous worst starts ever come back nicely—sometimes in record fashion. “Down 16.5% after 100 days for the S&P 500 is the worst start to a year since 1970 and one of the worst starts ever,” explained LPL Financial Chief Market Strategist Ryan Detrick. “But the good news is previous bad starts have seen some nice rubber band snap backs and 2022 could be in line to do it once again.”

As shown in the LPL Chart of the Day, the previous five worst starts to a year ever saw the remainder of the year higher every single time, up 19.1% on average compared with the average rest of the year gain of 5.0%. 2022 has been very tough, but most investors would likely take a 19% bounce the rest of the year.

View enlarged chart.

For more on the bad start to this year and bear markets, but sure to watch our latest LPL Street View, where Ryan Detrick takes a closer look at bear markets.


This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing.

Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. For more information on the risks associated with the strategies and product types discussed please visit 

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Unless otherwise stated LPL Financial and the third party persons and firms mentioned are not affiliates of each other and make no representation with respect to each other. Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.

All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

Securities and advisory services offered through LPL Financial, a registered investment advisor and broker-dealer. Member FINRA/SIPC.

View All Posts