US stocks close lower once again. First nine day losing streak since 1980.

36 years...

In 1980 I was 19 years old, just graduated from high school.  Enjoying my freshman year at Clemson University.  Adam?  Well he was a twinkle in his mother"s eyes. 

It has been that long ago that the US stock market has had 9 straight days of declines.  Now, let"s not panic. The decline over the period has only been about 3.2%.  That is not a heck of a lot, but it still is an 0-9 slump. 

The changes for the major pairs today:

• S&P down -3.48 points or -0.17%


• Nasdaq down -12.03 points or -0.24%


• Dow -42.39 points or -0.24%.

For the week:

• S&P fell by -1.94%


• Nasdaq fell by -2.77%


• Dow fell by -1.50%

Again, not a disaster, but the trend is not favorable.

How about other markets. In the US debt markets today:

• 2 year note 0.7818%, -2.3 basis points


• five year note yield 1.2338%,, -3 basis points


• 10 year note 1.7745%, -3.7 basis points


• 30 year bond yield  2.5602%, -4.0 basis points

For the week:

• The 2 year yield is down -7 basis points from last Friday"s close


• 5 year yield is down -9.2 basis points on the week


• 10 year yield is down -7 basis points.


• 30 year yield is down -5.7 basis points

US stocks close lower once again. First nine day losing streak since 1980.
US stocks close lower once again. First nine day losing streak since 1980.
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