We are living through history. Only 0.25% of the time in the past century has the S&P 500 managed to rise nine consecutive days. A 1-in-400 or 3 sigma event! Guess what? Fully 80% of the time this dynamic happened in recessionary environments … not to mention just ahead of the October 1987 crash! Maybe this “bullish” (manic) move isn’t so “bullish” after all!

