The S&P 50 index declined yesterday. Sure it was just by a minuscule 0.01 percent, but it was nevertheless the fourth straight day that the index had lost ground.
We haven't seen much of that recently: The market had gone nine months without such a streak. Four-day down streaks haven’t been particularly common in recent years – there were only three such streaks last year, and none at all in 2014.
But there's not much reason for concern yet. The index has had three streaks this year where it’s dropped four days in a row, and this one had the smallest percentage decline of the three. Even with the dropoff, the S&P 500 is just about 0.7 percent off its record high from November 30.
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