The S&P 500 Was ‘Oversold’ For 21-Straight Days. What History Says.

The S&P 500 didn’t move much yesterday, but the market benchmark did end its longest stretch in oversold territory since 2020.

• The S&P 500 didn’t move much yesterday, but the market benchmark did end its longest stretch in oversold territory since 2020
• The market benchmark was at least one standard deviation below its 50-day moving average for 21 closes in a row through this past Thursday
• Paul Hickey, the co-founder of Bespoke Investment Group, took a look at how the S&P 500 has traded after prior streaks of 20 or more trading days in oversold territory