Friday, December 1, 2017

Another Streak for the S&P

The month of November came to a close yesterday, and with it the S&P 500 index set yet another record. On a total-return basis that includes dividends, the index rose 2.2 percent over the course of November, extending its string of monthly advances to a record 13.

The previous streak, according to Dow Jones data, was a 10-month rally that ended in September 1995. Over the entire 13-month period, the S&P has risen 26.3 percent on a total-return basis.

Remember, this includes dividends. On a purely price basis, the S&P 500 has risen in only 12 of the past 13 months. In March of this year, the index fell by 0.04 percent on a pure price basis.

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