Tuesday
Mar092010
Financial Sector Makes It 8 In A Row
Tuesday, March 9, 2010 at 04:31PM This morning we posted on the 7-day winning streak for the S&P 500 Financial sector. After another day of trading, the winning streak now stands at eight. As shown below, the sector has had nine prior 8-day winning streaks since 1990. The average change on day nine following these winning streaks has been -0.36%, with positive returns only twice. The sector hasn't had a winning streak longer than nine days since 1990, so two more days of gains would mark a new 20-year record.
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Reader Comments (1)
Is there any predictive value to this data in terms of performance over the next 3, 6 or 12 months. Thanks very much!