The stock market is in its longest stretch without a 2% sell-off since the financial crisis

That's the longest stretch for the benchmark since the great financial crisis, FactSet data compiled by CNBC.

This market lull comes as investors pile into megacap tech stocks such as Nvidia amid bets that artificial intelligence will boost profits.has gone 377 days without a 2.05% sell-off. That's the longest stretch for the benchmark since the great financial crisis, FactSet data compiled by CNBC. The index hasn't experienced a gain of at least 2.15% in that time either.The S&P 500 has gone 377 days without a selloff of 2.

"At a high level, the clouds of macro uncertainty have parted over the last 12 months as receding inflation provided much-needed clarity into the future path of monetary policy," said Adam Turnquist, chief technical strategist at LPL Financial.The changing narrative from rate hikes to rate cuts and recessions to economic resilience helped drag the VIX down to multiyear lows, ultimately shifting the backdrop for stocks to a low volatility from high volatility regime.

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