Time often seems to slow down during market sell-offs or corrections, as the volatility creates a more news-filled world. On the flip side, when markets keep going up, time flies. So, if you are wondering why this summer seems to have flown by quickly, blame the stock market. The S&P 500 is now up about 20% on the year and within 5% of its all-time high set back in January of 2022. The TSX, which has enjoyed more modest mid-single-digit returns this year, is about 7% away from its 2022 high. Really, there isn’t much to complain about so far this year. Even if you are a bit more defence positioned, like we are, returns are pretty good.