The S&P 500 has not seen two up days in a row since April 27th. The current 16 trading day streak without two consecutive up days is the longest streak since May 2010 when the S&P 500 went 23 straight trading days without two up days in a row. The chart below shows the S&P 500 going back to 2000. In the chart, each red dot represents a streak of more than 15 trading days where the index went without two straight positive days. Next to each dot, we have also labeled how long each streak lasted. Since 2000, there have now been fourteen streaks of more than 15 trading days, and while the current period has seemed like torture, half of the streaks highlighted lasted at least 20 trading days.
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