On Friday, we noted that September was the 5th consecutive month the S&P was in the red.
Ron Griess of the Chart Store took that data and looked at it in terms of ensuing months and years.
Historically, 5 consecutive months is not a good omen for equities . . .
Monthly Price Performance, S&P
Examples of 5 negative Price Performances, S&P
Note: Yes, I know, we need a larger sample set than the past century. Let’s follow up and discuss that in 3011 . . .