Chart of the Day - Thursday, April 1st, 2021

Today’s Chart of the Day was shared in a note by Frank Cappelleri of Instinet (@FrankCappelleri). It's a quarterly bar chart of the S&P 500 over the past five decades. Frank points out that the S&P 500 just logged its fourth straight quarterly gain of at least 5%. The last time that happened was in 1995, in the early innings of a 14 quarter winning streak. Imagine that! That's 10 more quarters (2.5 years) of perpetual quarterly gains after an already impressive run. To be fair, it also happened in 1983 and was followed by a mild four-quarter losing streak. But of all the four prior instances since 1950, the market was higher one year later more often than not.