The S&P 500 continues to trend upward, and has returned over 20% in the last six months for investors and 9% YTD in 2024.
The feared 2023 recession, which compelled many investors to decrease their exposure and risk, has yet to come. As the market moves to new highs, one phrase I hear often is, “I missed it” – that the opportunity to capitalize on market gains has passed us by.
It’s normal to feel hesitant when the S&P 500 reaches an all-time high, but is that hesitation warranted?
In JP Morgan’s recent Guide to the Markets, the above image was shared under the title “investing at all-time highs.” To summarize the data presented above, our hesitation to continue investing in the companies we believe in and trust when the market reaches all-time highs is likely another investor’s gain. Throughout much of the past 30+ years, investing after a new high is established has returned higher gains than investing on the majority of other days.
This chart doesn’t mean you should rush to invest more the next time a new high is reached, but it does point to the fact that all-time highs come in packs. The market reaching a new high does not mean that a dip is right around the corner.
On Thursday, May 9 at noon (Central), Ryan O’Connell will host the BTWM Virtual Lunch Webinar, where we’ll discuss a wide range of topics, including investing at all-time highs. The webinar is cost-free and no RSVP is required to join.
Planned topics for the BTWM Q2 Virtual Lunch Webinar include:
- Guide to the Markets Recap
- What’s Worth Tracking in Q2
- Inflation Recap and Outlook
- Rate Cut Update
- Recession Watch
- 2024 Election & What to Expect
How to Join the BTWM Q2 Virtual Lunch Webinar
Join us for the Q2 Virtual Lunch Webinar on 5/9 at noon (Eastern). No RSVP is required, and the stream is accessible from any device. Join by clicking here https://www.gotomeet.me/RyanOConnell-BTWM, or by calling (669) 224-3413. Use access code 902-937-309.
What questions do you have about the current state of the market or what we can expect in 2024? Ask below and Ryan will answer during the upcoming BTWM Virtual Lunch Webinar.