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REDDIT

Good morning and Happy Friday.

8
May 2, 2025 · 14:22

The S&P 500 is up 8 days in a row for the first time since after the yen carry trade weakness of August '24.

Hasn't been up 9 in a row since November '04. Hasn't been up 10 in a row since Sept '95.

Long way till the close (and a very overbought market), but with a green day today that'll be 6 of the past 7 Fridays that stocks closed higher.

As we noted earlier this year, no one wanted to hold over the weekend = bearish action.