And that’s not necessarily a bad thing. From the Desk of Ryan Detrick: The S&P 500 Index gained 2.6% last week, that would have been the largest weekly gain all of 2017. It also ended a streak of 55 consecutive weeks without a 2% change(higher or lower), which was the third longest streak ever(mid-’60s and mid-’90s).
Which brings to mind the below chart. They love ’em higher. The Rydex Bull/Bear ratio is at record highs:
The expectation is for further gains this year but it will be it should be a wild ride.
Hat tip Ryan Detrick/Lance Roberts