The long pause between record highs is bullish

The long pause between record highs is bullish

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:

The S&P 500 closed at a record high on Monday, its second straight record close after Friday saw the index break a two-year streak without a record high.

And stock market history suggests this break between records portends a better-than-average year ahead for the S&P 500.

In a note to clients on Monday, Keith Lerner, co-chief investment officer at Truist, noted that in 13…


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