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“In general people put too much faith in the rich, the famous, the politicians, and not enough faith in themselves.” – Bono

Morning stock market summary

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

If the pre-market gains hold into the close, today will mark the eighth straight day in a row of gains.  While that sounds impressive, there have been two other streaks of as long or longer since last summer, and the current seven-day streak is the fourth since last July. Last July, there was a thirteen-day winning streak (tied for the longest since at least 1953) while in December, the Dow was up nine days in a row.  As shown in the chart below, while these types of streaks may not quite be a dime a dozen, with 93 seven-day streaks since 1953 and 51 eight-day streaks, they’ve been common.

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