Monday Bull Market Still Intact...For Now

For several weeks now, we have been highlighting the "Monday Bull Market" in the S&P 500.  If today's gain holds, the S&P 500 will have started off the week with a positive return in 16 out of the last 18 weeks (89%).  While weeks have had a tendency to get off to a good start, they haven't necessarily finished that way.  Since the end of September, the S&P 500 has averaged a gain of 0.83% on the first day of the week and a decline of 0.54% for the remainder of the week.  Last week the index was down 5.08% from Tuesday's close through the end of the week (Monday was a holiday).

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