U.S. markets are trying, without much luck, to rebound from a string of six sessions that, if not exactly bearish, were less than convincingly bullish.
Truth is, all told, over the last five days, the Dow is down just 0.69%.
The last time we saw anything close to this was back in early August. We're still in the thick of the longest streak of trading days without a 3% pullback in the entire history of the S&P 500.
This data goes back 89 years, folks. You'd never know it if you were watching financial news and scanning headlines, but we're still firmly in unprecedentedly bullish territory.
Pullbacks of any real depth are far in the rearview mirror - for now.
That means investors looking to employ the classic "buy the dips" strategy to build positions more cheaply will have to change their game plan a bit.
Tags:trading strategies
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