Before we get too negative though, this is only the 7th time that the S&P 500 has declined for 5+ straight months since 1957. Of those 6 other times, there are only two in which the streak extended beyond 5 months, and this is already the 2nd largest percentage decline caused by any individual streak.
The data certainly seems to suggest that we may be due for a reprieve. The good news is that immediately following the streak tends to be a nice sized rally. The average gain in the first month following a 5+ month losing streak is 6.77%
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