The Streak is Over

My Chart o’ the Day – Michael Batnick notes the end of a highly aberrant phenomenon that no investor ought to have grown accustomed to: The S&P 500 had been within 3% of an all-time high- even on an intra-day basis- for an incredible 202 straight days. This is almost twice as long as the second longest streak which occurred from 1995 to 1996. The streak ended on Friday, when the index fell 3.93% from its r...

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