The S&P just broke a remarkable streak [CNBC]
Churchill Capital Corp V Class A (CCV)
US:NYSE Investor Relations:
cmcsa.com/investors
Company Research
Source: CNBC
The S&P 500 just posted a historic winning streak, but some market participants are predicting that the long-running bull market could be on its last legs. According to Ryan Detrick, senior market strategist at LPL Financial, the S&P 500 has now gone 242 trading sessions without a 3 percent pullback — its longest streak ever and topping the previous record of 241 days set in 1995. Since the most recent streak began, the S&P has posted more than 20 percent returns over that period of time. While the markets could continue to churn higher, Todd Gordon of TradingAnalysis.com warned it could be entering its final few innings. We are in the third and final phase [of the classic Dow Theory], which is suggesting through the use of parallel channel that there is room towards 3,000 depending on the angle of ascent, he explained. The Dow Theory refers to three primary phases — accumulation, participation and distribution — which underpin a major market trend. I think we're in the
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