Not Dead.
It took just over two years, but we finally have ourselves another new all-time record closing high for the S&P 500 which was reached on Friday when the index closed at 4839.81. The U.S. stock market really is an incredible piece of work. Never in history has it ever once failed to recover from all of its losses, no matter how huge, and then go on to set yet another new record high. If you are investing for the long term, you need to bottle this moment and remember it the next time stocks are down large and everything seems hopeless.
After yet another long weekend, during which geopolitical…
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