“Scared” by New All-Time Highs?
Hey, it’s Ross Givens here with the Chart of the Day. This chart shows how often the S&P 500 hits all-time highs each year, dating back to 1950. So far in 2024, the S&P 500 has hit new all-time highs 25 times – above average but not extreme. Other years have seen three times as many. Remember, there were zero all-time highs in 2023. The US stock market has consistently built wealth and it’s normal for it to hit new highs. Instead of worrying, focus on spotting opportunities. I explain more in the Insight of the Day.
June 6, 2024
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