As we were on the precipice of breaking a 20-year-old streak, the market had a different plan as we approached the 5600 level. What streak you ask? The SPX has not been up nine consecutive days since November of 2004! Just in case you were wondering the longest consecutive “up” streak was for fourteen days back in April…… of 1971! To think the VIX was at the 60 level two weeks ago to where we are today, just shy of the 16 level is maniacal. Markets have made a habit of getting overextended one…
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