The Dow Jones Industrial Average has been on a winning streak, up for the first 8 days of May, aiming for a record 9th consecutive green trading session. The S&P 500 ($SPY) is also on an 8-day winning streak, the longest since December 2019. Both indices have shown historical trends of positive returns after such streaks.
$SPY Up 8 days in a row. Longest win streak since Dec 2019 (11 up days in a row). Today was the lowest volume since August 2017 (ex half days and the day after Christmas).
The Dow has a shot at being up 9 days in a row. Did you know the past 9 times it did this (back to '89) it was higher a yr later all 9 times and up 16.4% on avg? Since 1900 things are more normal though, up 7.8% on avg a yr later and higher nearly 77% of the time. Still, that… https://t.co/9LSV3xmpwX
The Dow is going for nine in a row. https://t.co/115XcOWUVD