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Chart of the Week!
It's Been A Long, Long Time
US equities have continued their stellar performance despite high valuations that have raised correction concerns. Following last week’s performance speedbump, the S&P 500 has persisted upward. It has now been 184 trading days since the last 5% S&P 500 drawdown. This marks the 15th longest period without a meaningful pullback and is significantly above the historical average of 97 days.EQUITIES
Source: Goldman Sachs Global Investment Research. As of July 29, 2021.