The market is making history: On Friday, the S&P 500 closed at an all-time high for the first time since February, marking a +24% rebound from its April low. It took 89 trading days to recover between record highs, the fastest rebound following a -15% drop in history. This breaks the previous record of 90 trading days set in 1998. By comparison, in 2020, it took ~125 days for the S&P 500 to reach a new all-time high. Furthermore, the S&P 500 has returned +10.0% so far in Q2, and is on track for its best quarterly performance since Q1 2024. We are witnessing history.