Dow tops 38000 for first time on Jan22, so what is next?
The market is likely to keep going up in the near time. The history tells us the average S&P500 returns after new all time high is 2.2% for three months, 4.4% for six months, 9% for twelve months, and more than a year without making one.
That is just the history, and history may not repeat itself.
Keep in mind, maybe there is some choppiness in the near term, but if you go out 6-12 months, new high generally represent a good trend for the market. Basically momentum will creat momentum.
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