Wednesday, December 31, 2014

Slow and Steady Wins the Race

The past year has been positive but unspectacular for the markets, but one thing it surely has been is consistent. No matter what happens today, the S&P 500 is guaranteed to finish the year without ever being down for four consecutive trading days. That marks the first year in which that has happened since S&P began its indexes, dating back to the 1920s.

By contrast, there were 11 stretches in 2014 where the S&P increased in value for at least four consecutive days. But there were just six stretches where the index declined for three consecutive days - and each time, the fourth day was a positive.

The last time the S&P 500 fell for four straight days was in a stretch that ended on December 13, 2013. Let's hope 2015 brings us another year without any long losing streaks.

No comments:

Post a Comment