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

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 thoughts 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

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