🎙️ Hold Your Horses

[5 minutes to read] Plus: Why the economy remains so strong

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.

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

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