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Markets Rally Despite Geopolitical Risks – Is a 48th New High Imminent?

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In 2023, the S&P 500 did not reach any new all-time highs, although it experienced a strong rally. The index ended up over 20% higher from its October 2022 lows but did not surpass the record peak it set in January 2022, when it reached 4,796 points. Yet in 2024, the ES has made 47 new all-time highs, and it's highly likely that number goes up into the end of the year. Either way, 2023 and 2024 combined gain is sitting at 56.52%. I am not saying there should not be some concern in the days leading up to November 5th; I just think the public gets fed a bunch of fake news. Who is to say that the markets can't make several more new highs in November and December, which are two of the best months of the year?

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