Through Friday’s (November 4, 2016) closing price, the S&P500 had declined for nine days in a row, which is the longest such streak since 1980.
For reference purposes, below is a 1-year chart of the S&P500 and VIX through Friday’s (November 4, 2016) close. The closing price for the S&P500 was 2085.18 and the VIX had a closing value of 22.51. Price labels as well as moving averages are also shown:
(click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author)
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2085.18 as this post is written