Market Overview - The S&P 500 has historically increased about 10% annually on average, with a year-to-date gain of 17% in 2025, indicating a potential for above-average returns for the third consecutive year [1][2] - Historical data suggests that the stock market tends to rise two out of three years, implying a high probability of another strong year in 2026 [5][7] Investment Strategy - Investors are encouraged to maintain a long-term investment strategy, as the average bear market lasts only 15 months and is infrequent, while market downturns of 10% to 20% are short-lived [7] - The S&P 500 is statistically likely to increase in value in 2026, and even if a market crash occurs, it is expected to be brief, leading to a new bull market [7][14] Company Focus: Sandisk - Sandisk has been the top performer in 2025 so far, with a year-to-date increase of over 500%, and is expected to outperform the S&P 500 again in 2026 [9][10] - The company reported a 10% revenue increase for fiscal 2025, with a significant surge of 23% year-over-year in the first quarter of 2026, and management anticipates over 40% growth for Q2 [12][13] - Sandisk's memory products are crucial for data centers, with demand from major hyperscalers driving revenue and profit margins, suggesting a favorable operating environment for the foreseeable future [13]