Wednesday 26 October 2016

S&P500, New High, Great Depression


Since the end of June, after the U.K. voted to leave the European Union, the S&P %00 indexSPX, -0.17%  has closed within 3% of its all-time high every day, according to data from LPL Financial.

That is a streak of 82 consecutive market sessions, a record unmatched since 1995.

And despite that tight range, the benchmark index hasn’t made a new high in 49 days, marking the longest period the S&P 500 has avoided making a record—while still staying within 3% of its record—since 1928, before the onset of the Great Depression.