Can S&P 500 ETFs Maintain Its 5-Year Best Momentum?

The S&P 500 Index, despite enduring a challenging end to the summer, has reached an impressive milestone in resilience not witnessed in half a decade. For 100 consecutive trading sessions, the benchmark for American equities has managed to avoid a decline of at least 1.5%, per a Bloomberg article, as quoted on Yahoo Finance.

Investors continue to funnel funds into the stock market, as evidenced by a $13.4 billion net inflow into U.S. exchange-traded equity funds during the week ending September 13, marking the ninth week of net additions in the past 12 weeks according to LSEG Lipper data, per the Bloomberg article.

Although the index has logged four losses exceeding 1% in the past two months, daily fluctuations have remained notably soft, suggestive of conditions last observed in 2018. The optimism surrounding the economy's ability to withstand the Fed rate hikes led to the rally. Moreover, the Fed has been less-hawkish this year due to cooling inflation. Many analysts are of the view that rates are now peaking.