As our chart of the week shows, the S&P 500 (^GSPC) has seen a larger drawdown than the 18.9% peak-to-trough drop in the index this year during each recession since 1973. In other words ...

So, what does the chart say? 1. The long-term uptrend is intact The first big takeaway from the S&P 500 chart is that even after the S&P 500's 16% decline, the long-term uptrend "remains intact ...