The S&P 500 Index has closed lower four consecutive weeks, its longest weekly losing streak since October 2014. The S&P 500 has closed down five weeks in a row only once since the bull market started in March 2009—a six-week losing streak in 2011.
“Streaks are made to be broken, and this weekly losing streak could end soon if history is a guide. If James Holzhauer can lose on Jeopardy, anything is possible,” explained LPL Senior Market Strategist Ryan Detrick.
Long weekly losing streaks like the current one are rare, as our LPL Chart of the Day shows, and they’ve typically led to a near-term rebound. The S&P 500 was higher a month later four out of five times, and 6.7% higher on average after four-week losing streaks since the beginning of the bull market.
One of the Longest Weekly Losing Streaks in Years
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