How sleepy has the stock market been this year? For 2017 so far, the average daily trading range has been a minuscule 0.55 percent. That's the lowest percentage ever.
Here's another way to look at it: The S&P 500 through the end of last week, has not had a 5 percent decline, from peak to trough, since June 28, 2016. That sell-off, 6.1 percent over several days, occurred after Britain’s surprise vote on June 23, 2016, to leave the European Union.
So it's been nearly 14 months and counting since we had a serious sell-off. Going all the way back to 1950, the current streak is the fourth longest period without at least a 5 percent decline in the S&P.
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