A streak we’ve been watching for a while is the current run of days without the S&P losing 1 per cent. The last time it happened was in late December.
The streak continued today, and as Conor Sen observed on Twitter, the last time the market went all of January and February without a 1 per cent or more down day was in 1995 (we just confirmed that stat on our own).
Anyway, that year the market gained a ridiculous 34 per cent.
Not only that, it was a freakin’ straight line—or at least as straight of a line as you’ll ever seen
So yes, the market can just go up in a straight line for a long time.
And the last time before 1995 that the market started the year this way, was in 1964, and that was a pretty good year as well.