The S&P 500 Energy sector has been up 8 days in a row for a gain of 6.59%. Over the last 20 years, the sector has been up 8 days in a row 9 other times, and it has gone higher on the 9th day 67% of the time for an average gain of 0.24%. Over the next week, however, the average change turns to -1.76% as investors lighten up on shares.
Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.
Comments