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But we saved everything 🙂.
Peter Mallouk stated that one of the biggest myths in investing is that reaching new all-time highs is a valid reason to take profits.
Mallouk added that, according to data since 1989, money invested when the market hits a record high has actually performed better than money invested on any random day.
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Mallouk has previously compared the long-term returns of the S&P 500 to the effects of inflation over three decades, highlighting equity market resilience in his analysis of inflation versus S&P 500 returns. He has also noted the 30-year U.S. Treasury yield climbing to 5.64 percent, its highest level since 2002, in recent commentary on bond markets. These remarks follow his continued focus on long-term investment performance across asset classes.