By Matthew Gutierrez and Shawn O’Malley
😅 Honestly, we didn’t realize how frequently the S&P 500 trades at or near all-time highs.
We’re back at an all-time high now, and as you’ll see below, the market trades within 5% of highs 44% of the time. 44%!
What’s more, JPMorgan research found that if you invest in the S&P at all-time highs, your investment would be higher a year later 70% of the time. The median return? 12%.
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss the three biggest stories in markets:
U.S. economic growth shows continued strength
Tesla shares plunge after earnings
Is there a miracle fix to financial crises?
All this, and more, in just 5 minutes to read.
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POP QUIZ
The U.S. government has poured money into helping low-income households with internet access — how much has it spent on this in the last two years? (The answer is at the bottom of this newsletter!)
Chart(s) of the Day
