Stock Market Still Streaking

by | May 17, 2023

Stocks rallied today, but weakness beneath the surface persists

S&P 500 today ended its streak of 7 days in a row without a 1% move.

A longer, more important streak remains intact: 31 days in a row with new lows > new highs.

Q1 volatility came with strength, Q2 quiet has come with weakness. Those aren’t the typical relationships.

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