The Dow is set for another week of declines. This Dow has now been down for 8 consecutive weeks. This has not happened since 1923.
Things are about to get real.
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This has not happened in 90 years.
The Dow ended the day up 8.7 points on Friday at 3 PM ET.
But the Dow was down over 934 points for the week. It was brutal.
Didn’t wanna say I warned ya but… #recession #StockMarket
“The Dow is about to be down 8 consecutive weeks. That has only happened one other time and it was in 1923.” pic.twitter.com/GvUNxnaMeD
— Donna Stazzone (@Stazzonephoto) May 20, 2022
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Checked this and Bloomberg data also has 8 in 1923 as the longest weekly losing streak ever.
I’m aware there are different stats on this going around, but using Factset and Bloomberg, looks like 8 in 1923 is the record fwiw.
But I wasn’t around then, so I can’t confirm or deny. https://t.co/u7bhoYd0lX
— Ryan Detrick, CMT (@RyanDetrick) May 20, 2022
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