With the Dow Jones (DJIA) just ticking into negative territory, the index is now on pace for its ninth straight negative start to the week. The last time the DJIA had this many negative starts to the trading week was back in 1985 when it also went nine straight weeks with a down Monday (or Tuesday in weeks when Monday was a holiday).
Going back to 1900, there have been thirteen prior periods where the DJIA was down to start the week for nine or more straight weeks. As shown in the table, over the next week the DJIA has averaged a gain of 0.16% with positive returns 61.5% of the time. Over the following month, the DJIA has averaged a gain of 1.37%, but with gains just 38.5% of the time, the median return is a decline of 0.37%. Finally, when the DJIA goes nine or more weeks with a negative start, more often than not we get a tenth straight negative start the following week, as eight of the prior thirteen streaks have gone on to at least ten straight weeks. Happy Monday!