The last hour of trading pushed the S&P 500 into the green for the day, which extended its current winning streak to six days. Over the last four years, the S&P 500 has had 8 six-day winning streaks, and unfortunately, the index has been down on day 7 every single time. So while we broke the ridiculously long streak of down Mondays this week, history will not be on the side of the bulls when trading begins next week.
Getting past the negative backdrop for Monday, where is this market headed for the remainder of August and into early September? To get a gauge on reader sentiment, please take part in our weekly market poll which asks whether the S&P 500 will be higher or lower than its current level one month from now. We'll report back with the results before the open on Monday morning. Thanks for participating and have a great weekend! And remember, if you're looking for new stock ideas, there's no better place to find them than Bespoke Premium.