Here is your stock market stat of the day, bulls.
At 381 trading days and counting, the stock market is now at its third-longest streak without a 5% pullback since 1930, according to a new note released by Goldman Sachs. A 5% pullback from the S&P 500's recent high of 2,690 hit on Dec. 18 would require a 135-point drop to 2,555. Goldman isn't too keen on that dive happening anytime soon: The white glove investment bank forecast a 7% rise in the S&P 500 this year.
Stocks have come out of the gate strong in 2018, notably with the Nasdaq breaking through 7,000 on the first day of trading. The hottest sectors of the market such as tech stocks continue to catch a bid. Industrial and consumer discretionary stocks are also still in favor based on optimism around the impact of tax reform.
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