Seven Months of Gains, And then.

When we look back from today to the 1920s, there have only been a few periods like this. The US stock market, measured by the S&P 500 has extended gains for the last seven consecutive months. Ninety-four percent of the time, we do not make it this far without a negative month in the mix.

More interesting than just another record book entry is what happens after a longer-than-average duration of gains. In other words, what occurs in the seven months following seven months of gains? Will this time be different? We know that history can rhyme, so we dig into precedent to learn more.

"Should I stay or should I go now?" Would the 80s punk band The Clash have gotten it right?

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Uncertainty is the Default Position

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Job Openings vs Level of Unemployment