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The coin making new highs might grab headlines, but long-term compounding comes from utility and adoption. Ripple, the ...
Since 1970, in the 12 months following a new all-time high, the S&P 500 has produced an average return of 9.4%. In the following 24 months, it returned 20.2% on average.
Topline The Nasdaq Composite hit a new all-time high on Wednesday, rallying above 20,000 for the first time in the index’s 53-year history as shares surged across several tech-based stocks.
Once the S&P 500 hits a new record high after not doing so for more than a year, the index has gone on to rise the following year 93% of the time with a median gain of 13.4%, according to the note.