Should You Buy the Vanguard S&P 500 ETF With the Stock Market At a Fresh Record High? The Answer Might Surprise You.
The S&P 500 (^GSPC +1.20%) hit a fresh record high on Wednesday, April 15, capping off a spectacular recovery from its recent 9% peak-to-trough decline. Investor sentiment turned positive after the U.S. and Iran reached a ceasefire agreement on April 8, leading to the eventual reopening of the critical Strait of Hormuz waterway which handles 25% of the world’s seaborne oil supply every day.