The S&P 500 Sets String Of Seven New Record Highs

Blogger at Political Calculations • Nov 8, 2021 at 7:22 AM EST

It was a fun week for S&P 500 investors. The index set new record highs on each trading day of the first week of November 2021, closing the week at 4,697.53.

It was a fun week for S&P 500 (Index: SPX) investors. The index set new record highs on each trading day of the first week of November 2021, closing the week at 4,697.53.

Better still, the index has closed at record highs on its last 7 consecutive trading days.

(Click on image to enlarge)

A seven consecutive day winning streak isn't as rare as you might think. Our S&P 500 streak tool indicates that the odds of that happening are just 1 in 352 over the index' modern history. If it reaches eight consecutive days, that's an event with 1 in 651 odds of happening.

Of course, the thing that makes the direction of stock prices random on a daily basis is the random onset of new information. Here's our summary of the market-moving headlines of the trading week ending 5 November 2021.

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