S&P 500 Goes 38 Sessions Without a 1% Drop While Within 5% of Its Record

Key points

S&P 500 calm streaks and subsequent returns since 2000 (n=18) ｜ Current run is 38 days without a 1% decline; in past cases the index was higher 3 months later 14 of 17 times, with a median max drawdown of 5.1%

Image source: @MikeZaccardi