The US equity market bull run is on the cusp of eclipsing last year’s streak of record closes, as investors bank on falling energy prices to spur the world’s largest economy.

The S&P 500 index, which accounts for more than half of global equity market value, ended last week with its 45th record close for the year. It was propelled at the end of last week by loosening monetary policy in China and suggestions that the European Central Bank was on the brink of further stimulus measures.

That equals the number of record S&P 500 closings for last year and with 26 trading days left in 2014, the S&P has its sights set on the 47 record close marks set in 1998 and 1987. It remains well short of the 1995 record of 77, according to data from S&P Dow Jones Indices.