Stocks Keep Rising After Recovering from Downturns

2021

2017

2013

2009

2025

4,000

12,000

16,000

20,000

8,000

Total Return Index Level

Growth

Decline

Recovery

Peak to Recovery

-16%

+20%

+14%

-22%

+29%

+44%

-18%

+23%

+31%

-18%

+23%

+13%

-34%

+52%

+38%

-26%

+35%

+28%

-16%*

7m

6m

16m

32m

19m

14m

17m

8m

6m

16m

23m

14m

-16%

+20%

+14%

-22%

+29%

+44%

-18%

+23%

+31%

-18%

+23%

+13%

-34%

+52%

+38%

-26%

+35%

+28%

-16%

Replay

3 m

+15%