Navigating the S&P 500's Record Highs: What History Reveals

The S&P 500 closed at a new all-time high, marking the start of a bull market, but historical patterns show that a new high doesn't guarantee a lasting bull market. The average bull market has lasted more than three years, but the duration has varied widely, ranging from four months to nearly 11 years. While there doesn't seem to be a major threat to the economy currently, historical bear markets have been triggered by new events or economic cycles. Instead of trying to time the market, investors are advised to focus on buying high-quality stocks and holding them for the long term.