Peter Smith
⬤ The Dow Jones Industrial Average is closing in on something pretty remarkable—a ninth straight month of gains. This kind of winning streak doesn't happen often. Over more than a century of market history, we've only seen this level of consecutive monthly advances a handful of times.
⬤ Here's where it gets interesting. Looking back at the six times the Dow previously notched nine consecutive monthly gains, the index was higher two months later in every single case. No exceptions. The average bump over those two months? Around 5.4 percent. That's a track record worth paying attention to.
⬤ While performance varied over shorter and longer timeframes after these runs, the two-month window stands out for its perfect consistency. Six out of six times, the market kept climbing. It shows just how rare and powerful these momentum streaks can be.
⬤ The Dow's current run highlights how sustained momentum can shape what happens next in the broader market. When the index strings together this many winning months, it usually means something's working—whether that's investor confidence, economic stability, or both. And if history's any guide, the next couple months could keep that trend alive.
Peter Smith
