Hickey and Walters (Bespoke) submit:
Tuesday morning we posted on the 7-day winning streak for the S&P 500 Financial sector. After another day of trading, the winning streak now stands at eight.
As shown below, the sector has had nine prior 8-day winning streaks since 1990. The average change on day nine following these winning streaks has been -0.36%, with positive returns only twice. The sector hasn’t had a winning streak longer than nine days since 1990, so two more days of gains would mark a new 20-year record.