S&P 500: Record Streaks, Lofty Targets, and a 2026 Drawdown Warning
Good News π₯³: Since 2009, the S&P 500 $S&P 500(.SPX)$ has had 5 winning streaks of 7 months or more, including the current one
Bad News π±: 80% of those winning streaks came to an end after the 7th month
S&P 500 could hit 8,000 next year says JP Morgan π₯³ππ€π«
S&P 500 had a miraculous week to save its monthly winning streak, now at 7 consecutive green months for the first time since 2021 ππ₯³π«
2026 Warning π¨: Going back to 1926, the S&P 500 has seen an average drawdown of 18.2% in the 12 months before midterm elections π Going back 60 years, the smallest drawdown has been 7.4% while the largest was 41.8% π€― After the midterms, all is well, but before? π€π
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