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The Minsky Market
Through the end of May, the S&P 500 has experienced 24 new all-time highs this year alone. Volatility has been relatively low for some time now. We haven’t had a 2% down day on the S&P 500 in well over 300 trading days: chart That’s fast approaching the longest streak without a nasty down day over the past 10 years. The S&P 500 is up around 11% for the year on a total return basis. That’s pretty good considering it was up more than 26% in 2023. If you stayed the course by continuing to plow money in your 401k, IRA or brokerage accounts during the 2022 bear market, the market value of your portfolio ... (full story)