The Globe and Mail reports in its Friday edition that some years, the stock market notches a new high every other week. The Globe's Tim Shufelt writes that this time around, the return to record territory caps off a two-year round trip plagued by raging inflation, wicked rate hikes and the threat of a recession. Last month, the S&P 500 index rose to reclaim the high-water mark set in January, 2022. The Canadian market is not quite there yet, with another 6-per-cent gain needed to hit its 2022 peak. History, however, shows that the S&P/TSX Composite Index tends to follow the U.S. stock market into record territory within a few months. "All-time highs usually bring about new all-time highs," says CIBC chief market technician Sid Mokhtari. "Buying pressure brings more pressure just because of the nature of market momentum and trend chasing." It is natural for investors to be leery of record highs. After all, every stock market crash in history started with one. By some measures at least, U.S. stock valuations are stretched, and being led higher by a small group of huge stocks, such as Nvidia and Meta. However, from a technical perspective at least, the history is encouraging when it comes to record highs.