Another day, another high
The S&P 500 closed at yet another record, marking its 15th all-time high of the year. That’s the kind of tape that makes investors feel like they accidentally picked the right horse in a very expensive race.
What this means for your portfolio
When the broad market keeps printing highs, it usually says a few things at once:
- investors are still comfortable owning risk
- mega-cap winners are doing a lot of the heavy lifting
- nobody wants to be the one standing on the platform when the train leaves
Why IVV matters
IVV is basically your front-row seat to the S&P 500. So when the index is setting records, the ETF tends to get dragged higher by the same gravity-defying forces that have kept this rally alive.
The big picture
Record closes don’t guarantee more upside tomorrow, but they do tell you the market’s mood is still stubbornly upbeat. In other words: the party’s not over — but the music is loud enough that you might want to keep an eye on the exits.