According to The Kobeissi Letter, the S&P 500 has closed positive for 8 consecutive trading sessions, marking the longest winning streak since August 2024. This rare event has only happened 7 times in the past 20 years, highlighting its statistical significance for traders. Since its April 7th low, the S&P 500 has surged by 17%, fully recovering all losses following the post-April 2nd 'Liberation' event. Such momentum signals a strong bullish sentiment and may prompt traders to watch for potential continuation or profit-taking, referencing historical price action for similar streaks (source: @KobeissiLetter on Twitter, May 2, 2025).

According to The Kobeissi Letter, the S&P 500 index has closed positive for 8 consecutive trading sessions, marking its longest winning streak since August 2024. Historically, such a streak has only occurred 7 times in the past 20 years, making it a rare event. The S&P 500 has also surged 17% since its April 7th low, fully recovering all losses sustained after the April 2nd 'Liberation' event. Traders should note that previous streaks of this length have often signaled strong market momentum, potentially indicating continued bullish sentiment or an overbought condition, depending on broader market context (Source: @KobeissiLetter, May 2, 2025).