The S&P 500 hit a new all-time high last Friday, surpassing its previous record from February. The index is now up 5% year to date — a truly remarkable recovery given that the index was down over 17% year to date at its intraday low on April 7.
Here’s why investors should continue buying stocks even though the major indexes are hitting new highs, but why investing in quality companies is especially important when valuations are elevated.
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