The S&P 500—the stock index of America’s largest companies—hit record levels last week.
While the index took 70 years to reach 1,000 points, it has taken nearly a year and a half to go from 6,000 to 7,000.
We are in the midst of another intense snapback rally from a decline.
In fact, this is one of the fastest rallies in history.
Warren Pies, Founder of 3Fourteen Research, shows and tells:
The last 10-days have been unlike any 10-day period in the market since 1950.
First, the S&P 500 is up 9.8% in 10-days, which is in the 99.7th percentile of all 10 day returns.1
Translation: only 0.3% of all ten-day periods have been better in approximately 75 years.
This kind of thing is exactly why I wrote recently how wrong one can be if you wait to invest until things calm down.
While you’re waiting for things to calm down, the market just might hit another crescendo.
It just did.
Will it stay this way? Who knows.
But history suggests that stock market highs usually birth higher highs.
What you need as an investor is not guidance from the evening news or your social media algorithm or your gut.
You need a plan—especially if you’re someone who catastrophizes.
If you’re the kind who waits for bad things to happen even when things are good, or always expects bad events to get worse, you might need some help.
Yes, market catastrophes do happen, which is why you must have a portfolio with the risk tolerance you can handle. But usually the market goes up.
Put that in your pessimism and smoke it.
Cheers to 7,000!
--
Sources:
1. Posted on X April 15, 2026. Accessed online.
2. Chart taken from Sam Ro. Accessed online.