All-Time Highs. What's Next?

From Ryan Detrick:

"After a wait of more than two years, the S&P 500 finally closed at an all-time high last Friday. That’s right, the last time it hit a new all-time high was clear back on January 3, 2022, more than two years ago. This was quite a long wait for new highs, but note it went nearly eight years without a new high in the ‘70s and early ‘80s and then more than seven years to made a new high after the tech bubble implosion in the early ‘00s. Still, this recent streak was the longest since more than five years without a new high after the Great Financial Crisis."

When news of all-time highs reach the masses, it always begs the question of what's next?

First, they happen all the time. 7% of all days since 1957 (one out of every 14 trading days.) Second, according to historical data, the setup looks pretty well over the next 12 months or so. Higher 92% of the time, with an average return of 12%.

The future is always uncertain. After the run that we've had in recent months, human nature tells you to be cautious. But this suggests that you want to continue staying invested in accordance with your long-term goals and objectives. Time the market at your own risk.

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^{The content in this article was prepared by the article’s author and is not intended to provide specific advice or recommendations for any individual. Voya Financial Advisors does not endorse its content, and the views expressed may not necessarily reflect those held by Voya Financial Advisors.}

^{Past performance is not an indication or guarantee of future results.}