All-time-high in the DJIA marks the 60th all-time-high this year. What does this Portend?

Andrew McCauley

I note the all-time-high in the Dow Jones Industrial Average (DJIA) overnight on Tuesday marks the 60th all-time-high this calendar year. 2017 now ranks as having the 4th highest number of all-time-highs over the past 100-years.

In the table below I record all calendar years with at least 50 all-time-highs. Interestingly, the year following years with an inordinate amount of all-time-highs, delivered an average gain of 12.52%, with a 6 from 7 win rate.

I would also highlight that only 1 forward year (1988) failed to provide more all-time-highs.


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