Deutsche Bank analysts report that the S&P 500 has achieved its ninth consecutive daily gain, closing at a new record high despite rising oil prices [1]. The index's current streak is the longest in the past year, and a tenth consecutive gain would mark the longest daily run since 1995 [1]. In addition to the daily streak, the S&P 500 is on track for a tenth consecutive weekly gain, which would be the longest such run since 1985 if achieved [1].
On a monthly basis, Deutsche Bank notes that the S&P 500's performance is also exceptional. According to analyst Henry, there have only been five instances since World War II where the index rose more than 16% over two calendar months, as it did in April and May [1]. This underscores the magnitude of the recent rally.
Despite these impressive gains, Deutsche Bank cautions that similar strong performances in the past have not always been sustainable [1]. The analysts highlight that while the current run is historic, investors should be mindful of the potential for reversals based on historical precedent [1].
No specific market reactions or forward-looking analyst opinions beyond the sustainability warning are provided in the source article [1].
CONCLUSION
The S&P 500 is experiencing a historic winning streak, reaching new record highs and nearing milestones not seen in decades. However, Deutsche Bank analysts caution that such strong rallies have not always lasted, suggesting investors should remain vigilant about the sustainability of these gains.