Yesterday, the S&P 500 reached another all-time high.
So far in 2024, the index has spent 22.8% of its trading days at record highs.
This is the kind of data we expect to see in a bull market!
Here’s the chart:
(right-click and open image in new tab to zoom in)
Let's break down what the chart shows:
The blue bars represent the percentage of time the S&P 500 has spent at all-time highs each year.
The Takeaway: Looking back at history, when the stock market hits all-time highs, it often goes on to reach even more all-time highs.
With the S&P 500 achieving yet another all-time high, it’s clear that 2024 is shaping up to be an impressive year, bringing the total number of highs to 52.
As of now, the index has achieved all-time highs 22.8% of the time, making it the sixth highest year on record, with one month still remaining. - The best years on record were 1954 and 1995, each achieving a high of 30.6%.
Additionally, this year has been the second-best election year for all-time highs, second only to 1964, which saw an impressive 65 all-time highs.
What an incredible year we have experienced so far in 2024!
So, have you been taking advantage of this strong uptrend in the S&P 500…
