Dow 29,000 and the markets are grinding away

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Josh here – Michael Batnick and I discuss the recent milestones for the Dow Jones Industrial Average and the incredibly slow grind that’s gotten us here. According to the Wall Street Journal “hasn’t moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and third-longest since the end of 1995.”

We ran the numbers and looked at the absolute change in daily stocks prices. It turns out that on a rolling 30-day basis, stocks have almost never been this calm.

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