Friday 19 January 2018

S&P 500 with a record period without a 5% loss

US indexes continue with their tireless record-breaking growth. This is largely unprecedented.
Indeed, the broad S&P 500, except for a new historical record as a value, is close to another record highlighting its strong upward trend.
The index already has 393 sessions without a 5% correction. This is the second longest similar period in the indicator's history, according to statistics by the US investment bank Goldman Sachs.
Until now, the record-long series, with no 5% correction, was 394 trading sessions, which happened between 1994 and 1996.
The S&P 500 index ended with higher levels in nine of the 11 trading sessions since the beginning of the new 2018 year. New record value was achieved on each of the trading sessions.
In fact, investors have witnessed the best start of a trading year since 2003.
The broad US index has already the longest in its history series without a 3% correction, which to a great extent points to the trend of the current growth. Without such a correction, the indicator is traded from November 7/2016.
The indicator rose by 19.4% in the past year, which was also the best performance since 2013. It has risen for 14 consecutive months.


No comments:

Post a Comment