If you’ve been sitting on the sidelines watching the stock market claw its way back from the April 2025 “Liberation Day” bottom to new all-time highs, you may be asking yourself if you’ve missed your opportunity. Maybe not. The table below shows that, even if it takes the market a full year or longer to set a new high, the returns over the following 12 months have been overwhelmingly positive.

As of 7/31/25. Past performance does not guarantee future results. Indices are unmanaged and not available for direct investment. For illustrative purposes only. S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. The chart lists the dates and annualized performance figures for each instance in which a new all-time market high for the Index occurred one year or more after the previous all-time high. Data Sources: Ned Davis Research, Morningstar, and Hartford Funds.

Investing involves risk, including the possible loss of principal.