Seeking Alpha
Registered investment advisor, macro, ETF investing
Profile| Send Message|
( followers)

Hickey and Walters (Bespoke) submit: Yesterday, both the S&P 500 and the DJIA closed at record highs. This is the first time it has happened since December 31, 1999 -- 2,707 days ago.

Below we highlight periods of 100 days or more between record closing highs for the Dow and S&P 500 on the same day. We went back to November 1954 when the Dow finally closed above its 1929 highs. As shown, the average one-month change following these events is 0.69%.

record close

Source: S&P 500, Dow Set New Highs: Historical Performance the Following Month