The S&P 500 Went More Than 50 Trading Days Without a 1% Drop. That Streak Just Ended. What's Next?
Key PointsThe S&P 500 went 53 straight trading days without a daily drop of 1% or more before a 1.1% drop on Oct. 14.
The S&P 500 index had been remarkably stable through much of this year, with a remarkable 53-day streak without a drop of 1% or more ending on October 13. This came after a 53-day streak without a daily 1% decline that was halted on July 29. The index had been on a record-setting run, closing at around 7,805 on Tuesday, slightly below its record high of about 7,819 on October 6.
While the calm run may make investors uneasy, the index has experienced numerous such periods since the mid-20th century, and its performance after them has typically mirrored its performance after any other day.
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