Economic Insights – June 2019

Through the end of May, there were four straight weeks of declines for the S&P and six straight weekly declines for the Dow. During the six-week losing streak, the DJIA was down 6.46 percent, which would go down as the mildest six-week losing streak for the index since June 1976 and the fifth “mildest” six week losing streak on record.

But, to the surprise of many, June 4 wound up being the second-best session of the year. For the week ending June 7, the S&P was up 4.4 percent and the Dow gained 4.7 percent. As of the second we.....