Posted 1/26/2024, 10:30:29 AM
S&P 500 Hits New Highs, But History Shows Investing at Records Can Bring Good Returns
- S&P 500 has been hitting record highs recently, but history shows investing at all-time highs leads to good returns over the next year
- 80% of the time, a record high for the S&P 500 leads to at least one more record high in the following week
- Markets generally trend upwards over time, despite periodic downturns
- Current economic backdrop of strong growth and high consumer spending provides a bullish setup for stocks
- Investing consistently is better than trying to time downturns; missing just a few of the market’s best days can drastically impact overall returns