Ugly Sixes

by Bespoke Investment Group

As we enter another trading week, below are two charts that compare the current S&P 500 six-week losing streak to the sixteen others that have occurred since 1928. As shown in the first chart, the decline of 6.79% over the last six weeks is quite a bit less than the average decline of 10.47% (black line) seen during the prior six-week losing streaks. As shown in the second chart, the S&P barely saw declines in weeks two, three and four of the current losing streak, but the last two weeks have been awful and worse than the average declines in weeks five and six of the prior six-week losing streaks.

As we noted last week, the S&P 500 has only had three 7-week losing streaks in its history. The last 7-weeker occurred back in March 2001, and the index slid 6.72% in week seven during that losing streak.

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