FYI: The DJIA came into the week riding a streak of eight straight trading days of record closing highs and is currently on pace for a ninth straight record close. Including today, the index has now seen 35 record closing highs so far in 2017. The first chart below compares this year’s total number of closing highs to the number of closing all-time highs by year going back to 1900. Looking at the chart, several years have seen a lot more closing highs. As recently as 2014, the DJIA saw 38 record closes and the year before that there were 52. The record number of closing highs for a given year was back in 1995 when there were 70. If the DJIA were to go the remainder of the year without notching another closing high, 2017 would rank as the 16th most record closes in a given year since 1900.
Regards,
Ted
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