S&P 500 posts five consecutive weekly declines, Ryan Detrick notes

S&P 500 posts five consecutive weekly declines, Ryan Detrick notes
S&P 500 declines for five weeks

The S&P 500 has declined for five consecutive weeks during February and March, according to Ryan Detrick.

Detrick highlights that this period, which he describes as the banana peel season, has lived up to its reputation. He also references historical data, noting that the longest weekly losing streak for the index was eight weeks in both 1970 and 2001.

Detrick previously observed that the S&P 500 advance/decline line reached a significant level despite weakening market breadth, according to a recent analysis. In earlier commentary, he also noted that the index has typically bottomed on March 12 over the past 20 years, based on historical data he tracked. These patterns have shaped his recent outlook on U.S. equity performance.

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