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The S&P 500 is currently down 0.80% as we approach mid-day.  Could this be the day that we finally see a 1%+ decline?  The last time the S&P 500 fell more than 1% was back on October 11th when the index dropped 1.24%.  The current 64-trading day streak without a 1%+ decline is the second longest of the current bull market which began in March 2009.  The longest such streak of the bull market lasted 66 trading days from April through July of 2014.  Going all the way back to 1928 when the S&P 500 began, there have only been 29 longer streaks without a 1%+ decline than the current one.  When we finally do get another 1%+ decline (maybe today), we’ll be sure to provide clients with a look at how the market has historically performed in the days and weeks following the day that the streak is broken.

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