| Type | Event | Date | D+1 | 1Wk | 1Mo | 3Mo | 6Mo | 1Yr | Oil | Notes |
|---|
* Sources: Bloomberg, S&P Capital IQ, LPL Research, J.P. Morgan, Invesco, AllianzGI, iSectors, Dunham, Fidelity.
* ⚠ Distorted = return impacted by unrelated macro shock. Excluded from averages.
* 🔵 Proxy/Support = U.S. did NOT directly engage in combat. Separate behavioral category.
* ⚠ Distorted = return impacted by unrelated macro shock. Excluded from averages.
* 🔵 Proxy/Support = U.S. did NOT directly engage in combat. Separate behavioral category.
Avg S&P 500 Return — Direct Wars (excl. distorted)
Day+1 Return by Event
1-Year Return by Event
Avg 1-Year Return by Engagement Type