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"Never Been Easier" - 2017 Stock Market 'Drawdowns' Lowest On Record (For Now)

For dip-buyers in the S&P 500, 2017 has actually been a tough year... because there hasn't been any.

As JPMorgan notes, 2017's 3% intra-year decline is the smallest since 1980 (tieing with 1995 which saw a 34% return)

This 3% drawdown (for now), continues a 6 year streak of drawdowns that are dramatically below the longer-term average of 14.1% drops intra-year.

But what happens now that Central Bank balance sheets are set to stop their expansion?