S&P 500 streak snapped after 37 trading days
Wednesday’s S&P 500 decline of just over 1% was the first of its kind since before Thanksgiving. Bepoke Investment Group crunched the numbers and said: “The index held out just long enough to eclipse the 36-trading day period without a 1% decline back in March and April of last year. The 37-day streak that just came to an end was the longest since May 2007. But 37 trading days without a 1% decline is nothing compared to the 94 trading days seen back in 2006. While volatility has dropped quite a bit over the past few months, it’s still nothing compared to the quiet trading seen for multiple years in the middle of the last decade.”
Source: Bepoke Investment Group, January 19, 2011.
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