The US equity market's bull run shows no signs of slowing down: The S&P 500 has recorded 124 all-time highs since the current bull market began on October 12th, 2022. Over this period, the index has rallied +118%, entering the 5th year of its bull market. This year alone, the index has posted 28 all-time highs, after 39 and 57 in 2025 and 2024, respectively. By comparison, the S&P 500 recorded 70 all-time highs in 2021 and 33 in 2020. Meanwhile, more than 1,003 trading days have passed since the S&P 500 last recorded a new 52-week low, marking the 6th-longest such streak in history. For perspective, such a streak lasted 2,556 days between 1990 and 2000, ending on November 21st. The market is experiencing a historic bull run.