According to The Kobeissi Letter, the S&P 500 has closed above its 50-day moving average for 125 consecutive sessions, the longest streak since 2011 when it lasted 130 sessions, and the third-longest stretch this century (source: The Kobeissi Letter). The longest run since 2000 was 149 sessions, which ended in February 2007 (source: The Kobeissi Letter). The index previously stayed above its 50-day moving average for 257 consecutive trading days from January 1995 to January 1996, the longest on record dating back to 1928 (source: The Kobeissi Letter). The S&P 500 is also trading 13 percent above its 200-day moving average, the widest gap since July 2024, underscoring what the source calls a historic run (source: The Kobeissi Letter).

According to The Kobeissi Letter, gold prices have reached 50 all-time highs over the past 12 months, marking the best streak in 12 years. This achievement is the third-longest on record, following a historic surge in the late 1970s, a period characterized by double-digit inflation. Traders should note this pattern as it may signal sustained bullish sentiment in gold markets.