Chart of the Day - Wednesday, July 26, 2023

Today's Chart of the Day was shared by Grayson Roze (@GraysonRoze). The Dow closed higher for the 13th straight day today, which ties with 1987 as the longest winning streak in the past century. While this is rare and historic, it's more of a fun fact than an actionable signal. The Dow gained +5.3% during this stretch, which is good, but hardly a momentous 13-day thrust. We could tell you the forward returns from the last time this happened in 1987, but we're talking about a sample size of one. That being said, the bulls deserve to celebrate, as the Dow is now just 3.5% from record-closing highs.