S&P 500 Streak Without 5 Percent Drop Has Some Precedents: Chart

(Bloomberg) -- The S&P 500 Index may head off a loss of 5 percent or more for a while longer if history is any guide, according to NBF Economics & Strategy. The firm used data compiled by Bloomberg to calculate that the current streak, which began in June 2016 and reached 285 trading days on Monday, is the fourth-longest recorded since 1960. There were 369-day stretches that began in November 1963 and December 1994, along with a 333-day streak that started in October 1992. The chart shows how each of those moves compares to the current streak at an equivalent point in time.

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