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May 2, 2019

The S&P 500 reached a new high, which has made the headlines. However, what is not reaching a new high may be the most interesting news.

On April 26th, the S&P 500 closed above the prior all-time high set on September 21st of last year. While that is noteworthy in terms of history, it also means that the S&P 500 has returned essentially 0% over that time frame. Since the prior high on January 26, 2018, the S&P 500 is only...
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