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Year of the Decade Effect?

| | Posted in: Calendar Effects

Are some years of the decade better than others for equity markets? To investigate, we look at average annual returns by year of the decade (xxx0 through xxx9) for the U.S. stock market. Using annual levels of Shiller's S&P Composite Index for 1871-2025 and the S&P 500 Index for 1928-2025, we find that:

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