One of Wall Street's Most Unbreakable Records, Spanning 155 Years, Is on the Verge of Toppling -- and It Has Terrifying Implications for the Stock Market
Yahoo Finance ·
Despite a short-lived swoon in March, the stock market is delivering another banner year for investors. During the first week of June, the timeless Dow Jones Industrial Average ( ^DJI 0.09% ) , broad-based S&P 500 ( ^GSPC 0.05% ) , and innovation-driven Nasdaq Composite ( ^IXIC 0.24% ) all reached fresh record-closing highs. Catalysts have been plentiful for investors, with the stock market's historic rally driven by: The evolution of artificial intelligence (AI) The advent and early stage proliferation of quantum computing Initial public offering euphoria, courtesy of Space Exploration Technologies (SpaceX) However, even the most powerful bull markets have their limits . One of Wall Street's perceived-to-be unbreakable records is currently within eyeshot of being toppled. Should this historic event take place, it would have terrifying implications for the stock market. To preface the following discussion, the past can't concretely guarantee the future. Nevertheless, history has a way of rhyming on Wall Street, making the past an excellent teacher and/or predictor of the future, more often than not.
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