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Fortune
Fortune
Alicia Adamczyk

The S&P is back to record highs—proving yet again the wisdom of a buy and hold strategy

(Credit: Michael M. Santiago—Getty Images)

It’s been a chaotic quarter for the U.S. stock market. In April, indices approached bear market-territory, while economic turmoil roiled bonds and sunk the U.S. dollar. The quarter ended, though, on a dramatically different note as the S&P 500 closed at record highs in each of the past two sessions, reflecting soaring confidence by investors.

While the highs can feel like nirvana for investors after the recent uncertainty, financial planners say it’s business as usual for them and their clients. They happen often, and are a feature of a healthy market and a growing economy.

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