From The Motley Fool · Daniel Sparks · · 1m 30s
S&P 500 Ends 53-Day Calm Streak
S&P 500's 53-day streak without 1% drops ends with a 1.1% fall.
In brief
S&P 500's 53-day streak without 1% drops ends with a 1.1% fall. S&P 500 ended a 53-day streak without 1% drops after falling 1.1% on Wednesday, October 13. Originally reported by The Motley Fool.
S&P 500 streak ends
The S&P 500 had gone 53 straight trading days without a 1% drop before falling 1.1% on Wednesday, October 13.
Streak ended with drop
The index fell about 1.1% to around 7,719, ending the 53-day streak that began on July 29.
Previous calm period
The S&P 500 closed at around 7,805 on Tuesday, a little under its record close of 7,819 on October 6.
Historical streaks
Since 1950, 55 streaks hit 50 sessions without a 1% drop, including one that lasted 112 sessions ending in January 2018.
Yearly performance
The S&P 500 has gained about 8% a year after a 50-session calm streak, matching its average performance after any trading day.
Short-term trend
A month after a streak hits 50 sessions, the index is up in just 26 of 54 cases, down from 62% of all trading days.
Past market drops
The streak that ended in September 2018 fell 3.3% in a sell-off led by tech stocks, dropping 20% by late December.
What's next
The end of this streak doesn't signal a market warning, as the S&P 500 has historically performed well a year after calm streaks end.
The main idea
S&P 500 ended a 53-day streak without 1% drops after falling 1.1% on Wednesday, October 13.
