S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Deutsche Bank analysts highlight that the S&P 500 has just managed a ninth consecutive daily gain, taking it to fresh record highs, even with rising Oil prices. The index is close to matching or surpassing historic streaks on daily, weekly and monthly horizons. They also note that past episodes of similarly strong performance have not always been sustainable.
Index nears historic winning run
“Despite the rise in oil, the S&P 500 (+0.13%) just about posted a 9th consecutive advance yesterday, taking the index to a fresh record once again.”
“For reference, we’re getting into historic territory, as it’s the longest run in the last year, and a 10th gain today would be the longest daily run since 1995.”
“Moreover, the index is on the verge of several records, as it’s currently on track for a 10th consecutive weekly gain, which would be the longest run since 1985 if it manages it.”
“On a monthly basis too, Henry pointed out yesterday, that there’s only been 5 times since WWII when the index was up more than +16% in two calendar months, as happened in April and May.”
“So there’s been a stellar performance recently, but these runs haven’t always proved sustainable in the past.”
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