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China’s record stock market streak

China’s record stock market streak

BEIJING: About six weeks ago we began highlighting the S&P 500’s streak of consecutive trading days without a 1%+ decline. The streak remained intact through Monday and it stood at 109 trading days. If we make it past Wednesday without a 1%+ decline, we’ll surpass the 110-trading day streak that ended in May 1995. If we make it through the end of the week without a 1%+ decline, we’ll surpass the 112-trading day streak that ended in June 1985. Below is a look at historical streaks of trading days without a 1%+ decline going back to 1928:

But while the S&P 500’s streak of 109 trading days without a 1%+ decline is impressive, China’s stock market is on an even more impressive one. As shown below, China’s Shanghai Composite has now gone 64 trading days without a 1%+ decline! While not as long as the US streak, it’s easily a record for China, which has historically been much more volatile than the US market.