BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X
HOME > OUR THINKING > > BLOG

Record High Roundup: S&P 500 Closes at 78th All-Time High Within Current Bull Market

On Friday, September 5, the S&P 500 recorded its 78th all-time closing high within the current bull market, surpassing the 77 count of the bull market of 1949-56. The current bull’s count remains below the count for the bull markets of 1957-61 (88 all-time highs), 1962-66 (119), 1982-87 (152) and 1990-2000 (308). The other day, a friend asked me if investors could gain solace from a new high being recorded during those months (August & September) in which the S&P 500 typically does poorly. Knowing that “Strength begets strength,” and always anxious for another reason to crunch some numbers, I said “Let’s find out.”

The S&P 500’s bull market began nearly 5-1/2 years ago. Indeed, 6% of this bull market’s trading days have set new closing highs versus an average of 7% for all bull markets since 1949. What’s more, new highs are being recorded by a variety of S&P 500 sectors, with five having set new high thus far this month and four having eclipsed the century mark since the start of the bull market. And even though the S&P 500 has traditionally exhibited weakness in September, even after new highs were set in August, now that the “500” has recorded yet another new high this month, history says (but does not guarantee) that favorable performances are likely to be seen in the months ahead. Despite declining 0.8% on average in the month following a new high in September, the S&P 500 gained an average 6.2% six months later, followed by an 11.3% average advance in the subsequent 12 months. Now that’s a record I’d like to see remain intact.

Follow Sam on Twitter: @StovallSPGlobal

Tune into "Stovall on Sectors" every Friday on the S&P Capital IQ YouTube Channel

Tune into "Stovall on Sectors" every Friday on the S&P Capital IQ YouTube Channel

Subscribe to Insights