High Performance
After the sell off in April we saw an impressive comeback of the S&P 500. A so called V shaped recovery, like we saw it during COVID in 2020. The index climbed from the correction low at 4,800 points to now 6,100 points, a rise of about +25%. Actually we are only 25 points away from the ATH marked in February.
The five year performance of the S&P is also above +100%, which means an average annual increase of about +14%. Not bad at all!
For me this is a strong sign of resiliance, even more since the Fed has not cut any rates this year and we still have FUD around tariffs and the Israel-Iran conflict along with Ukraine. But especially Tech stocks lead the way up again with Microsoft and NVIDIA both with new ATHs this week. NASDAQ 100 index has already moved to a higher ATH.
Are you bullish or you think this is a bull trap?
