4.6 • 1.1K Ratings
🗓️ 31 May 2022
⏱️ 30 minutes
🔗️ Recording | iTunes | RSS
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0:00.0 | Wall Street Unplug looks beyond the regular headlines, |
0:05.0 | heard on mainstream financial media to bring you unscripted interviews and breaking commentary |
0:10.0 | direct from Wall Street, right to you on Main Street. |
0:16.0 | Let's go to our page to the game, May 31st. |
0:19.0 | My friend, there's just a Wall Street Unplug podcast where I break that headlines and... |
0:24.0 | I'll tell you what's really moving these markets. |
0:29.0 | I guess everything's perfectly okay now. |
0:34.0 | I just want to do seven straight weeks of declines for the SP 500. |
0:38.0 | It was eight straight weeks for the NASDAQ. |
0:41.0 | But those seven straight weeks for the S&P, that's rare territory. |
0:46.0 | It only happened four times since 1928. |
0:49.0 | The last time it happened was 2001. |
0:52.0 | Before that, it was 1980, then 1970. |
0:55.0 | Those are the three, maybe 1970, I would say recent. |
0:58.0 | The other ones, I'm not sure I'll show the back since 28. |
1:01.0 | But if you look at those three time periods, 2001, 1980, 1970, |
1:04.0 | when we saw this seven straight weeks of the declines for SP 500, |
1:08.0 | six months later, the average gain, |
1:12.0 | close to 12%, during those three time periods. |
1:16.0 | So what happened last week? |
1:18.0 | The major insides down NASDAQ, SP 500, all surged more than 6%. |
1:24.0 | That was in just five trading days. |
... |
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