From TradingView · · 1m 10s
S&P 500 Hits New High in 162 of 465 Months
S&P 500 reached a new high in 162 months since 1988, with no clear pattern in the next month's performance.
In brief
S&P 500 reached a new high in 162 months since 1988, with no clear pattern in the next month's performance. The S&P 500 hit a new high in 162 of 465 months since 1988, with the next month's return unchanged after a new high. Originally reported by TradingView.
S&P 500 New Highs
The S&P 500 hit a new high in 162 of 465 months since 1988.
New Highs Frequency
162 months out of 465 since 1988 had at least one new all-time closing high.
Longest Runs and Gaps
The longest run was 18 months, from July 2013 to December 2014, while the longest gap was 85 months, from April 2000 to April 2007.
Post-New High Performance
After a new-high month, the S&P rose the next month 59.9% of the time, a median +0.91%.
No Clear Signal
Shuffling labels across months showed no statistical signal, with gaps of at least 18% chance.
Market Behavior
New highs have not been a reason to sell or buy more, with the next month's return unchanged.
The main idea
The S&P 500 hit a new high in 162 of 465 months since 1988, with the next month's return unchanged after a new high.
