On Monday, the S&P 500 (^GSPC) notched its 30th record close of the year. For investors who may want to sell, they may want to reconsider. Tim Urbanowicz, Head of Research & Investment Strategy at Innovator Capital Management, says he is telling his team that "the all-time high is not a catalyst for a sell-off. Never has been, never will be. In fact, quite the opposite. It tends to be a very good time to be invested in the equity market."
Watch the video above to hear what Urbanowicz says the data shows about how stocks perform after touching all-time highs and where he is advising investors about where to put money to work.
#youtube #stockmarket #news
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance