No Back-to-Back Gains

Here’s a closer look at a stat I mentioned in today’s newsletter. The S&P 500 hasn’t had back-to-back up days since February 13-17. That’s a run of 27 days which is the longest such streak in more than 20 years.

Update: Our friends over at Bespoke ran the numbers: “After taking into account the fact that the S&P 500 won’t make back-to-back gains today (we didn’t have an up day yesterday) we’re now at a 28-day streak without gains on consecutive trading days. It turns out that this is incredibly rare: it has only happened twice since World War 2!”

Posted by on March 27th, 2015 at 9:55 am


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