Annualized returns during U.S. presidential terms
Source: Morningstar Direct, Edward Jones. S&P 500 Total Return Index. 1/20/1969–3/29/2026. The S&P 500 is an unmanaged index, cannot be invested in directly and is not meant to depict an actual investment. Past performance does not guarantee future results.
 Growth of $100 in the S&P 500, 1929–2025
Source: FactSet, Edward Jones calculations. S&P 500 Price Return Index. 1/1/1929–3/29/2026. The S&P 500 is an unmanaged index, cannot be invested in directly and is not meant to depict an actual investment. Past performance does not guarantee future results.
 Gross domestic product
Source: FactSet. 6/30/1947–12/31/2025. U.S. real gross domestic product. Shaded areas indicate a recession as defined by the National Bureau of Economic Research.

*Source: FactSet. S&P 500 Total Return Index, 1/1/1970–12/31/2024. The S&P 500 is an unmanaged index, cannot be invested in directly and is not meant to depict an actual investment. Past performance is not a guarantee of future results.

Diversification does not guarantee a profit or protect against loss in a declining market. 

Investors should understand the risks involved in owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates, and investors can lose some or all of their principal.