S&P 500 Financial Sector 7-Day Winning Streaks
Tuesday, March 9, 2010 at 08:17AM The S&P 500's winning streak came to an end yesterday at six days with its decline of 2 basis points. The S&P 500 Financial sector continued its winning streak, however, and it's now up 7 days in a row. This is the 26th 7-day winning streak for the Financial sector since 1990. It's also the first 7-day winning streak for the sector during the current bull market that started one year ago today. The last 7-day win streak for the sector came back in December 2006, and the sector declined 0.09% on day 8 following that streak. Historically, the sector has averaged a gain of 0.04% on the day after a 7-day winning streak, but it has only been positive 36% of the time.
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