140-Year-Old Stock Streak In Jeopardy
The U.S. stock market has not been lower for any year ending in a “5″ since 1875…that streak is in jeopardy.
Just a fun one today: A year ago, we posted a chart showing the returns of the S&P 500 (S&P Composite before 1950) for years ending in “5″. As it turns out, the index has been positive the last 13 times during such years. The last negative year was 1875. Well, that streak is in jeopardy. Through yesterday, December 23, the S&P 500 was up 0.25%
So with a week to go in 2015, the pressure is on for this 140 year old streak. For those curious, the number to watch is 2058.90, i.e., last year’s closing price on the S&P 500.
What is the takeaway? Nothing.
Merry Christmas and Happy Holidays to all!
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