The SPX is still up 11.5% a year annualized off its 2009 bottom
It's been an absolute bloodbath on Wall Street the last two months, there's no sugarcoating it. How bad is it, actually? Well, after Monday's historic drop, it was the sixth largest pullback for the S&P 500 Index (SPX) going back to 1928, according to Schaeffer's Senior Quantitative Analyst Rocky White.
However, stocks have made a bit of a comeback since Monday thanks to historic stimulus measures from U.S. lawmakers. With that said, we're going to keep the good vibes going and offer up some more sunny statistics for the SPX. Context is always important, and per White's data, despite being down 34% off those late-January highs, the SPX is still up 11.5% a year annualized since the 2009 bottom.
For starters, this shows how brutal the 2008/2009 selloff truly was. But more importantly, it offers up some context for Wall Street's current predicament. Digging deeper, White broke down the 25 best stocks on the S&P 500 since that 2009 bottom. The last price column comes from Monday's close.
As you can see, tech -- and more specifically, semiconductors -- ruled the roost. The usual suspects are present; Advanced Micro Devices (AMD) and Nvidia (NVDA), as well as broader tech stalwarts like Adobe Systems (ADBE) and Salesforce.com (CRM). It's no surprise FAANG names like Amazon.com (AMZN) and Netflix (NFLX) are on that list, but it is interesting to see travel stocks such as Booking Holdings (BKNG) and Live Nation Entertainment (LYV) so well represented.
While this list is in no way a predictor of future performance, it goes give a snapshot into how certain sectors are resilient to sudden selloffs.