Year S&P 500 Pct Ann Ret Gain/Loss Presid Term Relative Year 1928 43.81116 Gain Fourth 1929 -8.29795 Loss First ` 1930 -25.12364 Loss Second 1931 -43.83755 Loss Third 1932 -8.64236 Loss Fourth 1933 49.98223 Gain First 1934 -1.18857 Loss Second 1935 46.74042 Gain Third 1936 31.94341 Gain Fourth 1937 -35.33673 Loss First 1938 29.28265 Gain Second 1939 -1.09756 Loss Third 1940 -10.67287 Loss Fourth 1941 -12.77146 Loss First 1942 19.17376 Gain Second 1943 25.06131 Gain Third 1944 19.03068 Gain Fourth 1945 35.82108 Gain First 1946 -8.42915 Loss Second 1947 5.20000 Gain Third 1948 5.70458 Gain Fourth 1949 18.30322 Gain First 1950 30.80554 Gain Second 1951 23.67846 Gain Third 1952 18.15099 Gain Fourth 1953 -1.20820 Loss First 1954 52.56332 Gain Second 1955 32.59733 Gain Third 1956 7.43951 Gain Fourth 1957 -10.45736 Loss First 1958 43.71995 Gain Second 1959 12.05646 Gain Third 1960 0.33654 Gain Fourth 1961 26.63771 Gain First 1962 -8.81146 Loss Second 1963 22.61193 Gain Third 1964 16.41546 Gain Fourth 1965 12.39924 Gain First 1966 -9.97095 Loss Second 1967 23.80297 Gain Third 1968 10.81486 Gain Fourth 1969 -8.24137 Loss First 1970 3.56114 Gain Second 1971 14.22115 Gain Third 1972 18.75536 Gain Fourth 1973 -14.30805 Loss First 1974 -25.90179 Loss Second 1975 36.99514 Gain Third 1976 23.83100 Gain Fourth 1977 -6.97970 Loss First 1978 6.50928 Gain Second 1979 18.51949 Gain Third 1980 31.73525 Gain Fourth 1981 -4.70239 Loss First 1982 20.41906 Gain Second 1983 22.33716 Gain Third 1984 6.14614 Gain Fourth 1985 31.23515 Gain First 1986 18.49458 Gain Second 1987 5.81272 Gain Third 1988 16.53719 Gain Fourth 1989 31.47518 Gain First 1990 -3.06445 Loss Second 1991 30.23484 Gain Third 1992 7.49373 Gain Fourth 1993 9.96705 Gain First 1994 1.32592 Gain Second 1995 37.19520 Gain Third 1996 22.68097 Gain Fourth 1997 33.10365 Gain First 1998 28.33795 Gain Second 1999 20.88535 Gain Third 2000 -9.03182 Loss Fourth 2001 -11.84976 Loss First 2002 -21.96605 Loss Second 2003 28.35580 Gain Third 2004 10.74278 Gain Fourth 2005 4.83448 Gain First 2006 15.61256 Gain Second 2007 5.48474 Gain Third 2008 -36.55234 Loss Fourth 2009 25.93523 Gain First 2010 14.82109 Gain Second 2011 2.09837 Gain Third 2012 15.89059 Gain Fourth 2013 32.14509 Gain First 2014 13.52442 Gain Second 2015 1.37889 Gain Third 2016 11.77308 Gain Fourth 2017 21.60548 Gain First 2018 -4.22687 Loss Second 2019 31.21168 Gain Third 2020 18.02320 Gain Fourth 2021 28.46885 Gain First