— Grant Hawkridge (@granthawkridge) May 20, 2022
Today’s Chart of the Day was shared by Grant Hawkridge (@granthawkridge). It’s a chart of the S&P 500 over the past 70 years. The S&P 500 closed lower for the seventh consecutive week for the first time in more than 20 years. To be fair, this is really more of a fun fact, but it does speak to how rare this environment is. It’s only happened three prior times, in 1970, 1980, and 2001. Two of those streaks (1970 & 2001) made it to eight consecutive weeks. The Dow is even more extreme…it’s down eight consecutive weeks for the first time since 1923! As we said, these stats really just speak to how brutal and rare this environment is. But hey, at least you’ll have some fun facts to drop on your family & friends over the weekend!