Leaders, Laggards, and New Record Highs

Hey, it’s Ross Givens here with the Chart of the Day. Analyzing the S&P 500’s historical performance dating back to 1950 dispels common myths. Firstly, new all-time highs are frequent, occurring over 40% of the time. Secondly, they often pave the way for more highs, not a crash. With the Fed considering rate cuts, the likelihood of a repeat of 2022 is slim. In today’s Insight of the Day, I delve into why the conventional ‘buying low and selling high’ mantra might not be as crucial as believed.

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