History Says the S&P 500 Could Rebound in 2023 -- 2 Growth Stocks to Buy Before the Next Bull Market
The S&P 500 dropped 19% last year, its worst performance since the Great Recession, and the benchmark index is still 18% off its high. But there is a silver lining for investors.
Since its inception in 1957, the S&P 500 has generally rebounded in the year following a decline. In fact, it has only declined in two or more consecutive years on two occasions, and the index has produced an average return of 13.5% in the year following a decline.
Past performance is never a guarantee of future returns, but history says the S&P 500 could rebound sharply this year. And even if that rebound fails to materialize, the benchmark index will undoubtedly recoup its losses at some point. Every past bear market has eventually been followed by a bull market. For that reason, investors should treat the current drawdown as an opportunity, and Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI) are worth buying right now.
Source Fool.com
