It doesn’t look now like the S&P 500 will do it today, but so far this year, the S&P 500 has been making it a habit of closing at record highs.  Since the year started, last Friday was the 28th day of the year that the S&P 500 closed at a record high.  That works out to slightly more than 25% of all trading days or more than once a week.  With more than six months left in the year, the S&P 500 isn’t far from overtaking the total number of record closes in the last two years, and if the current pace of new highs continues (a big if given that a sell-off can really cause the pace of new highs to dry up quickly), this year would see 62 record closing highs.  That would tie the total for 2017 and trail only 1995 (77) and 1964 (65) for the most record closing highs in a given year. Click here to view Bespoke’s premium membership options.

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