A lively start to the year breeds optimism
It’s Spring, and green is showing up everywhere. Is it a trader's dream or a signal of caution?
In the past quarter, the S&P 500 Index, the benchmark for U.S. equities, achieved 24 new all-time highs; it’s climbed over 20% in the last six months without a visible drawdown in sight. This might spark a contrarian thought: Surely, this cannot be sustainable. Initially, we shared this instinct. Yet, upon examining the data and history as precedent, well, we learned to stop worrying and love the rally. Or at least, trust it, along with the fundamentals supporting it.