What can we say about 2017 that hasn’t been said already, as it continues to smash records? Per Ryan Detrick, Senior Market Strategist, “2017 will likely be remembered for two things: a persistent bullish trend and historically low volatility.”
In fact, here are two more records that prove that point. The Nasdaq has never made more all-time highs than the 63 it has made (so far) this calendar year, topping the previous record of 62 set in 1980.
We’re also in the midst of another record streak showing just how rare big sell-offs have been recently. Incredibly, the S&P 500 Index has gone 43 consecutive days without closing down 0.5% or more; it’s been more than 20 years since the index last experienced such low downside volatility.
There are still nearly two full months left of 2017, so a lot can happen—but what we’ve seen so far is truly one of the most serene and strongest markets ever.
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