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Tuesday
Jan222013

Tenth Longest 10% Rally on Record

With the S&P 500 trading at a new bull market high today, the index has now gone 477 calendar days without a pullback of 10% on a closing basis.  This qualifies as the 10th longest streak without a 10% decline in the S&P's history.  Since the end of its last 10% correction on 10/3/11, the S&P 500 has now rallied by more than 35% during this stretch.  

The S&P 500's current streak without a 10% decline is the longest since the rally ending on 10/9/07 when the S&P 500 went 1,673 days without a 10% pullback.  That was the second longest rally without a 10% correction in the index's history, and it also marked the top of the last bull market.  While the current rally is the tenth longest right now, in order for it to move into 9th place, the S&P 500 will have to keep the streak going until mid July without a correction.

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