3/9/25

What is normal, and often referred to as healthy, in achieving long-term investment returns is what investors are experiencing right now.
Hopefully, the past 45 years is enough history to provide you with some confidence in knowing that investing was and still is, a good long-term decision. (Source: JPMorgan Guide to Markets)

Source: FactSet, Standard & Poor’s, J.P. Morgan Asset Management.

Returns are based on price index only and do not include dividends. Intra-year drops refers to the largest market drops from a peak to a trough during the year. For illustrative purposes only. Returns shown are calendar year returns from 1980 to 2024, over which the average annual return was 10.6%.

Guide to the Markets – U.S. Data are as of March 31, 2025.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.