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Up 17% in 2023, Is It Safe to Invest in the S&P 500 Right Now?

TheMotleyFool

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Up 17% in 2023, Is It Safe to Invest in the S&P 500 Right Now?: https://g.foolcdn.com/editorial/images/739344/charts-on-paper-and-laptop.jpg

Last year, the S&P 500, which is a stock index that tracks the 500 largest publicly traded companies in the U.S., declined 19%. This was the index's worst performance since 2008, a period that was characterized by the Great Recession that followed the subprime mortgage bust.

It's been a different story in 2023, though. Investors seem to be much more optimistic. As of July 14, the S&P 500 is up 17%. This might prompt some to want to ride the momentum in the hopes of generating strong returns in their portfolios.

But is it safe to invest in the S&P 500 right now? Let's take a closer look.

Source Fool.com

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