S&P 500 Index Goes Over 100 Trading Days Without a 5% Pullback

BlockBeats News, October 3rd, the U.S. stock market is leading investors in a one-way upward trend, with the S&P 500 index not experiencing a 5% pullback for 114 consecutive trading days.

At the time of writing, S&P 500 index futures and Nasdaq 100 index futures are both up 0.3%. If this trend continues, the two major indices are expected to set a record for the longest consecutive gains since July.

Michael Hartnett, a strategist at Bank of America, stated that one investment strategy to deal with the artificial intelligence boom is the "Barbell Strategy" — by combining low-valued cyclical assets with high-valued tech assets to balance the extreme differences in valuation. (FXStreet)