The SPX Continues To Break Records
The SPX has officially gone 81 weeks without a 3-week losing streak. Think about that for a second. We know things have been strong, but that is pretty amazing.
Looking at the data going back 40 years, this is now tied for the second longest streak ever. Now what gets my attention is that last streak ended in ‘87 and we all know what happened then. But note that streak ended in April ‘87 and there were still six months of great returns to come.
The record is 107 that ended back in ‘96.
Lastly, check out the 3-month returns after these streaks ended - pretty impressive.