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S&P 500

S&P’s Record-Breaking Streak In Serious Jeopardy

S&P 500 FALLS 5% FROM INTRADAY PEAK AS IT SINKS BELOW 2,729

Remember the streak?

You know, that streak that saw the S&P go the longest without a 5% correction in history? That would be the streak that everyone was super excited about late last month. That would be the one that looked like this as of January 22:

DaysWithout

Well that kept on going, but it is now over – at least intraday:

  • S&P 500 FALLS 5% FROM INTRADAY PEAK AS IT SINKS BELOW 2,729

As Bloomberg’s Michael Regan notes, “that record-breaking streak of days without a 5% dip in the S&P 500 may be finally coming to an end as the benchmark gauge just set its low of the day, and is off 5.1% from the last record on January 26 in its worst six-day tumble since the beginning of 2016.”

SPX

Somebody wake up Kuroda – there’s still time to save this on a closing basis…

Signal

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3 comments on “S&P’s Record-Breaking Streak In Serious Jeopardy

  1. now now boys and girls–think about this.
    what country has and can still make money at 0.25%–hmm–not many.
    their banks are the leanest and toughest i can think of.
    then think about Australian banks–major housing bubble–hmm.
    is there a trade there–i think so.
    have a great trading day
    as always Thanks Mr. H.
    sb

  2. Kuroda needs to just fix the freaking Nikkei, direct investment, ETFs, whatever. You have the damn printing press, just use it. I am dying here people.

  3. Raskinreed

    Wonder if Spx will end at 2666? Seems someone keeps that esoteric number resurfacing

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