The S&P 500 has experienced a significant downturn, with the Materials sector declining for 11 consecutive days, marking the longest streak of daily declines since 1990. If the sector closes down on December 17, it will set a record for the longest streak of consecutive daily declines. Additionally, the S&P 500 has recorded more decliners than advancers for 11 straight days, a phenomenon not seen since September 2001. This marks the longest such streak in the index's history. Currently, fewer than 62% of S&P 500 stocks are trading above their 200-day moving average, the lowest level since early August 2024. Historical data suggests that past occurrences of similar streaks have led to significant market recoveries in the following year.