Stock-market bulls are attempting to push the S&P 500 index to its ninth straight winning session Thursday, which would mark its longest streak of gains since 2004.
In his “chart of the day,” Reid notes that going back to 1928, the S&P 500 SPX and its precursors have seen 31 nine-day winning streaks, or one every 3.1 years. The chart below illustrates how the current 8-day run through Wednesday’s close would stack up on a historical basis. As the chart and data show, the S&P 500’s current run is hardly a regular event, but if bulls can extend the streak a few more days beyond Thursday they will indeed be in rarefied air.
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