The Dow just logged a truly historic streak

The Dow Jones industrial average is riding quite the rush.

On Wednesday, the large-cap index rose 0.19 percent. While such a move might not normally be noteworthy, the mild rise marked the ninth positive session in a row for the Dow.

The recent winning streak, in turn, marks the third time that the Dow has patched together nine positive sessions in 2017.

The last year in which three separate nine-session-plus Dow winning streaks were seen? 1955, according to market strategist Ryan Detrick of LPL Financial.

It's not as if the market is going gangbusters, however. The median move over the past nine sessions is a mere 0.2 percent rise.

The stat bears considerable resemblance to other factoids pointing to the remarkably gentle nature of the market in 2017. For instance, September is set to be the 11th straight month in which the S&P 500 has either risen, or has fallen by less than 0.1 percent — a monthly streak that hasn't been seen since 1959.

More than anything else, these anomalies may simply highlight the markedly low level of market volatility currently being experienced.

On Wednesday, the CBOE Volatility Index (or VIX) hit a six-week low of 9.67. To put that into context, 9.67 is below the lowest level at which the VIX traded in each year from 2007 through 2016.

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Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to find the best ways to capitalize on recent developments in the market. Trading Nation: Where headlines become opportunities.

Michael Santoli

Michael Santoli joined CNBC in October 2015 as a Senior Markets Commentator, based at the network's Global Headquarters in Englewood Cliffs, N.J.  Santoli brings his extensive markets expertise to CNBC's Business Day programming, with a regular appearance on CNBC's “Closing Bell (M-F, 3PM-5PM ET).   In addition, he contributes to CNBCand CNBC PRO, writing regular articles and creating original digital videos.

Previously, Santoli was a Senior Columnist at Yahoo Finance, where he wrote analysis and commentary on the stock market, corporate news and the economy. He also appeared on Yahoo Finance video programs, where he offered insights on the most important business stories of the day, and was a regular contributor to CNBC and other networks.

Follow Michael Santoli on Twitter @michaelsantoli

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