The S&P 500 is the most diversified U.S. stock market index. The most recent record high of 7,620.90 was on June 2, and while the index has not reached a higher high in over a month, it remains not far below the June peak at over 7,450.
Low liquidity during the summer vacation period could lead to additional gains, but the market is about to enter a period of heightened volatility, and a violent correction could be on the horizon.