Yesterday, The S&P 500 closed higher for the 8th consecutive day.
It was the first time since November of 2004 that the large cap index had such a long win streak (ht: @eddyelfenbein).
I was curious to see how the $SPX fared after that last streak 8+ years ago.
Here’s the chart:
Two things stand out here.
1. Over 5 months following the streak, the index pulled back a bit.
2. Over 3 years following the streak, the index rallied 32%.