Night Moves

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via Jon Krinsky at MKM Partners:

For those wondering, the last three years where the SPX started off with 3 straight down days were 2005, 1991, and 1985. Full year returns were +3%, +26.31%, and +26.33% respectively. 1991 actually started off with 6 straight down days (-5.80%), and then rallied ~19% by early February.

Some good reads for this evening:

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