SPDR S&P 500 ETF Trust

According to the team at Saxo Bank, The S&P 500 $SPY drawdown continues to linger. We are currently in the midst of the 6th worse US equity drawdown since 1928 and probably midway through it.


![Image upload](https://cdn.commonstock.com/1ac25237404c6fa50b5cbc87edcd2762032f972d7173d4588e8120ee5a3695ed-1361x768.jpg)
_Source: Saxo Bank_

[https://s355.podbean.com/pb/27f7d72f60c467ad1941cf89d3fb7087/64007896/data1/fs56/5709963/uploads/2023_03_02_SaxoMarketCall.pdf?pbss=b42d2671-c8ee-5fbc-8e7e-1ccf221433e4](https://s355.podbean.com/pb/27f7d72f60c467ad1941cf89d3fb7087/64007896/data1/fs56/5709963/uploads/2023_03_02_SaxoMarketCall.pdf?pbss=b42d2671-c8ee-5fbc-8e7e-1ccf221433e4)

Every time I see a chart that includes the 1929 - 1932 drawdown, I break out into a cold sweat.
Imagine being a buy and hold investor of a market index fund when the index declines by 89.2%.  The GFC drawdown was traumatic enough.

Jazzi Young

https://s355.podbean.com/pb/27f7d72f60c467ad1941cf89d3fb7087/64007896/data1/fs56/5709963/uploads/2023_03_02_SaxoMarketCall.pdf?pbss=b42d2671-c8ee-5fbc-8e7e-1ccf221433e4

The S&P 500 $SPY drawdown

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