All-Time High

The S&P 500 is up to a new all-time high today. If you recall, the S&P 500 dropped 5.6% in four days this summer. That sparked a lot of worrying that the economy was about to plunge.

All we had to do was wait a few weeks and we’re at a new high.

Since the bull market started in March 2009, there have been 25 pullbacks of 5% or more. Every single one has been turned back.

Here’s the chart. The blue line is the 50-day moving average.

Posted by on October 28th, 2019 at 1:24 pm


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