Friday, January 13, 2017

Cutting Your Losses

The S&P 500 fell by a very modest 0.2 percent yesterday. That extended a streak that has been very good for investors: The last time the S&P 500 fell more than 1 percent was back on October 11th, when the index dropped 1.24 percent.

The current 65-trading day streak without a decline of 1 percent or more is the second longest of the current bull market, which began in March 2009. The longest such streak of this bull market lasted 66 trading days, from April through July of 2014. 

It's also becoming one of the longest streaks of all time. Going all the way back to 1928 when the S&P 500 began, there have only been 29 longer streaks without at least a 1 percent decline than the current one.

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