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S&P 500 at Records, 2026 Playbook Calls for Dollar-Cost Averaging

Consistent contributions help sidestep market-timing mistakes exposed by missed recession calls.

Overview

  • The S&P 500 recently notched a new all-time high as the latest AAII survey shows more than 44% of U.S. investors reporting bullish expectations.
  • The guidance stresses continuing to invest on a set schedule rather than waiting for a cheaper entry point that may never clearly arrive.
  • A June 2022 Deutsche Bank call of a near‑certain recession within a year is cited as a cautionary example after the index rose more than 16% in 2023.
  • From mid‑2022 to now, the S&P 500 is reported to be up more than 65%, illustrating the cost of stepping out on pessimistic forecasts.
  • Historical context notes the Great Recession downturn began in late 2007, with recovery starting in mid‑2009 and gains exceeding 80% by December 2017 from the trough.