"The Best Of Times" - Stocks Surge To 2nd Longest Dip-less Streak In History

The S&P 500 has not seen a drawdown of more than 3% since the election last November. As PensionPartners' Charlie Bilello notes, this is the second longest run in history...

The Dow has hit 31 all-time highs in 2017 and has done so with no more than a 3% pullback.

 

Additionally, Bilello notes this is the fourth longest streak in US history without a 5% drop...

 

It’s been more than a year since the S&P 500 has suffered a 5% pullback...

 

"The best of times" indeed...