It has been a historic run for the market…
When I recorded today’s Market Insights this morning, the S&P 500 was taking a breather after an incredible run: nine straight up days. If we manage one more today, it would be the first 10-day win streak since 1995. That’s nearly 30 years!
Does this kind of strength happen in a bear market? Historically, no. These streaks tend to signal resilience, not recession. I break it all down in today’s video update.
We also saw major sentiment data over the weekend. Barron’s Big Money poll showed professional investors are more bearish than they’ve been since 1997. And yet the market is climbing higher!
That’s classic contrarian territory.
Meanwhile, breadth is improving. More than half the S&P 500 is hitting 20-day highs. More than 85% of stocks are above their 20-day moving average. That’s not bear market behavior.
Sure, this streak won’t last forever. A short-term pullback is likely. But a 2% to 5% dip won’t change the long-term outlook.
The bottom line? Ignore the noise and stay focused on your strategy.
Here’s to the future,
Matt McCallEditor, Market Insights
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