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Nowhere but up – the S&P500 and why the index keeps winning

While some of the metrics for the world’s largest and deepest sharemarket remain extraordinary – new all-time highs, the highest level of concentration since the 1930s, company margins 50% above their long run average – the wins keep coming. So is it time to trim, add or hold?
Gemma Dale | nabtrade
02 September 2025
Created by potrace 1.15, written by Peter Selinger 2001-2017 36 min listen

S&P Dow Jones Indices’ Howard Silverblatt has been covering the US for 48 years, and shares:

  • How company sales have just hit an all time record
  • Whether the highs can keep coming,
  • Which sectors are thriving, and which are surviving
  • Why we can’t ignore the billions the Big Beautiful Bill will add to the economy, and
  • Why traders have to trade what’s in front of them, but investors have different objectives

You can access this and previous episodes of the Your Wealth podcast now on iTunes, Podbean, Spotify or at nabtrade.com.au/yourwealth.

If you’re short on time, consider listening at 1.5-2x speed, which should be shown on the screen of your device as you listen. This won’t just reduce your listening time; it has also been shown to improve knowledge retention.

Your Wealth Gemma Dale
About the Author
Gemma Dale , nabtrade

Gemma Dale is Director of SMSF and Investor Behaviour at nabtrade. She is the host of the Your Wealth podcast, a fortnightly podcast for investors, featuring insights and updates from markets and finance experts across a range of topics. She provides regular market and finance commentary on ausbiz and in other media including AFR, the Australian, ABC and commercial tv and radio. Gemma was previously the Head of SMSF Solutions for nab, and the Head of Technical Services for MLC, where she led a team of specialists providing advice to advisers and their clients on SMSF, super, tax, social security and aged care.