S&P 500 Nears Longest Streak Without 2% Drop in 350 Sessions Since 2007

The S&P 500 has registered gains in 10 of the past 11 trading sessions, reaching an all-time high for six consecutive days through the close on last Wednesday, a rare occurrence achieved only 12 other times in history. The index has gone 350 sessions through Monday without a drop of at least 2%, on pace for its best streak since the onset of the global financial crisis in 2007 if it reaches 352 sessions by Wednesday’s close. It has been 393 trading days since the last SPX decline of more than 2%.