In a previous article (link) I talked about how the S&P 500 was near the biggest drought ever in real terms (with dividends re-invested). Since then, we crossed the record and have now had 144 months without a new high (12 years!), in contrast to a 143-month drought that ended in January 1985.
However, the S&P has been on somewhat of a run lately, so it is only 8% away from reaching the previous high set 12 years ago. It will be interesting to see how much higher this 144 goes before resetting the count to 0. I'm bullish that it will be soon, but we'll see!
However, the S&P has been on somewhat of a run lately, so it is only 8% away from reaching the previous high set 12 years ago. It will be interesting to see how much higher this 144 goes before resetting the count to 0. I'm bullish that it will be soon, but we'll see!
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