Apr 13, 2026
Over the weekend, ceasefire talks fell apart, and the Strait of Hormuz started facing a blockade this morning. Despite these negative catalysts leading to a negative tone at Monday’s open, equities rallied throughout the session with the S&P 500 finishing up over 1%. That return to green candles also meant the S&P 500 has now rallied in eight of the last nine sessions. In fact, Friday was the only down day recently, and that snapped a seven-day winning streak. As shown below, that was the longest streak of consecutive up days since another seven days last October. Going back to 2000, that was the 29th example of a winning streak of 7 days or more, with the longest going for nine days last May.
Again, winning streaks lasting at least 7 days have been somewhat uncommon. Filtering out those streaks to only look at those without another one in the prior six months, as was the case recently, there have been 48 instances since the start of the five-day trading week in 1953. As shown below, from the close of the first down day that ended those winning streaks, the S&P 500’s average performance has been modestly stronger than the norm and consistently positive in the weeks and months ahead.
The broad index isn’t alone in stringing together a number of up days in a row. Of all S&P 500 members, seven are currently on even longer winning streaks of at least nine trading days, with one stock, State Street (STT), now on a ten-day winning streak. In the charts below, we show how those streaks stack up versus their respective histories. None of these winning streaks has gone on long enough to be records, although STT and Microchip (MCHP) are each only one day away. We would note that most of these stocks, other than STT, are in the Tech sector or adjacent to it. Regarding Intel (INTC), its winning streak is one of many that have lasted 9 days throughout its history, but as we discussed in an earlier post, there hasn’t been a time since 1984 that it has risen by more in such a span.
Like this analysis? Join our premium members by starting a trial today! Click below for details on how to sign up:
Apr 9, 2026
Log-in here if you’re a member with access to the Closer.
- Despite the recent pullback, Brent crude oil remains on pace for $200/barrel by late May.
- Alongside software stocks, cybersecurity names have also gotten hit hard in the past few months, but there have been a handful of outperformers.
- Tech related categories for investment continue to surge as a share of GDP.
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Apr 9, 2026
In yesterday’s Chart of the Day, we highlighted how the S&P 500 moved back above both its 50- and 200-DMAs in the same session. We also highlighted how even though the US based index saw strong performance, that was at the low end of returns relative to two dozen international markets. In the table below, we show the performance of 25 global stock market ETFs yesterday versus their performance from the start of the Iran War through Tuesday’s close.
As shown, there was only one country, Norway (ENOR), that traded lower yesterday, as it fell nearly 2%. However, ENOR entered yesterday at 52-week highs with a high single digit percentage gain over the prior month and change. That compares to sizable losses for nearly every other country.
As for the rest of the pack, most regions saw gains yesterday in the range of 3% to 6%. South Korean equities (EWY) were the top performer, rallying double-digits on the day.
As may be evident in the table above, the big move yesterday resulted in many of these 25 stock markets moving back above their 50-DMAs. In fact, over three-quarters of these ETFs closed above their 50-DMAs yesterday compared to a low of only 4% (or a single ETF: ENOR) in the final days of March. That is the highest share of those 25 country ETFs trading above their 50-DMAs since the first trading day of March. Not only are these country ETFs above their 50-DMAs, but but nine of them are now overbought too with a handful of others, such as Italy (EWI), teetering on joining them in overbought territory.
Like this analysis? Join our premium members by starting a trial today! Click below for details on how to sign up:
Apr 8, 2026
Log-in here if you’re a member with access to the Closer.
- US equity market valuations have turned significantly lower since peaking in late October of last year.
- Today’s release of the Fed Minutes took a more hawkish tone than recent meetings.
- Despite declines and the war, retail investor sentiment remained remarkably bullish in March.
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
