The S&P 500 Set a New All-Time High… Now What?

The S&P 500 just hit a new record, but it is still headed higher. Here’s why…

This story was originally published here.

It’s official. It took 126 days after plunging to its 52-week low on March 23 for the S&P 500 to set a new all-time closing high of 3,389.78.

A digital image of a bronze bull and bear overlaid with a technical chart and images of coins.

Source: Shutterstock

This is the fastest the S&P 500 has ever recovered from a bear-market pullback. The previous record was 310 days, and the average recovery has taken a whopping 1,542 days.

Needless to say, 2020 continues to shock and surprise.

Great … so the S&P 500 has erased all of its novel coronavirus losses. Now what?

We think the index is going to continue moving higher for three reasons…

Editor's Note: Click here to keep reading.

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Matt McCall
Editor, Matt McCall’s Investment Opportunities