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[5 minutes to read] Plus: A disturbing increase in 401(k) withdrawals

By Matthew Gutierrez and Shawn O’Malley

📈 The bull run since October 2022 keeps chugging into March. The S&P 500 has already registered 16 all-time highs this year — yes, 16! — on pace to snap the record set in 1995.

Since 2013, the benchmark index has hit 363 all-time highs, more than the 327 during the tremendous bull market from 1989-2000.

Whether the market keeps charging higher or not, one thing is certain: The past decade has been a remarkable period of wealth creation for long-term investors.

💭 In case you missed it — we broke down just how strong this bull market looks in our free preview of We Study Markets Pro on Saturday. For more Pro insights, start your 30-day free trial here.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

  • One of Wall Street’s most infamous trades is back

  • The 401(k) as a cash machine

This, and more, in just 5 minutes to read.

POP QUIZ

January 2024 marked the end of the seventh-longest gap between S&P 500 all-time highs ever (about two years). When was the longest gap between all-time highs? (Scroll to the bottom to find out!)

Chart of the Day

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