As of 9/4/24, the S&P 500 has hit 33 new all-time highs this year, which may leave some wondering if it’s too late to invest.
While the market may seem overvalued, historical data tells a different story…
Consider this chart showing the S&P 500’s rising highs over time:
While the chart reflects periods of volatility and temporary downturns, the long-term trend is characterized by a series of higher highs.
Recent upward trends have been fueled by economic growth, technological advancements—especially in AI—rising corporate profits and strong consumer spending.
Remember, if we wait for the market to decline before investing, we’d be engaging in market timing, which we avoid since it’s nearly impossible to consistently predict short-term market movements.
Related: Understand the stock market’s seasonality, read last month’s client letter: Stock Market Seasonality and the September Effect.
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