U.S. stocks are 0.8% below their previous high in Sep 2026
Stocks compounded at 10.4% a year against 3.3% for Treasury bills, and 10 of 10 falls of 20% or more were made back · Stocks lost money in 24% of calendar years and 5% of ten-year windows · the longest wait from a high to the next one was 15 years · Nominal returns with dividends reinvested, month-end closes
Markets · Stock history · Kenneth R. French Data Library · 31 Aug 2026