The stock market just broke a 1994 stability record
The S&P 500 posted its 100th consecutive trading day yesterday without a decline of one percent or more, which is the longest streak it has had since 1994.
The longest streak was in 1963 when the S&P 500 had 184 trading days without a decline of one percent or more. To contextualize how uncommon this is, a streak longer than 70 days has only happened 21 times since 1950.
Why it matters: Volatility is almost certain to return to the market soon given how uncommon this stability streak is. Plus, the Fed is likely to hike rates next week, which will put pressure on stock values — and it's likely to continue doing so at a more consistent pace.