Today the S&P500 closed just shy of 3,390 which marks a new all-time high. History has yet again held true and the speed of the recovery was inversely proportional to the speed of the decline, i.e. the faster the sell off, the faster the recovery. The last closing high for the S&P 500 was on February 19, 2020 at 3,386 and in 185 short days the S&P500 has done it again! For us long-term, goal-based planners, if you blinked you might have missed it.
As always, it is a pleasure and an honor to serve you and if you would like to discuss anything, please do not hesitate to give me or your advisor a call.
David R Henderson
This is being provided for informational purposes only, and should not be construed as a recommendation to buy or sell any specific securities. Past performance is no guarantee of future results, and all investing involves risk. Index returns shown are not reflective of actual performance nor reflect fees and expenses applicable to investing. One cannot invest directly in an index. DCH Wealth Management, nor any of its members are tax accountants or legal attorneys, and do not provide tax or legal advice. For tax or legal advice, you should consult your tax or legal professional. The views expressed are those of DCH Wealth Management and do not necessarily reflect the views of Mutual Advisors, LLC or any of its affiliates.