The S&P 500 Index entered last week with a four week losing streak. Since March of 2009 it has only made it to five straight once. What happens when investor optimism reaches dramatically low levels? Losing streaks end abruptly. The SP 500 Index closed Friday with a 4.4% gain, its best weekly gain since last November. We expect a rest next week, at least in the early part.
Hat tip Ryan Detrick of LPL Research