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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 Oct. 3, 2011, 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 Oct. 9, 2007, 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 10th longest right now, in order for it to move into ninth place, the S&P 500 will have to keep the streak going until mid-July without a correction.

(click to enlarge)

Source: 10th Longest 10% Rally on Record