The Dow's longest win streak since 2017 suggests no recession in sight

According to Carson Group chief market strategist Ryan Detrick, the Dow's solid run tells investors two things: that more gains are likely andHe crunched the numbers and found that the Dow Jones has seen an 11-day win streak only five other times since World War II, and the forward-looking returns were overwhelmingly positive.

Blue chips were higher three months later 100% of the time, delivering an average gain of 5%. They were also up six months later 100% of the time, delivering an average gain of 11%. And 12 months later, they were up 80% of the time, delivering an average gain of just over 8%. The only instance where the Dow didn't print a higher gain one year later was in 1987, when it closed lower due to theAside from that, stocks have a solid chance of continuing their momentum higher, based on the analysis from Detrick, and that bodes well for the broader US economy.Detrick also cited an increase in home prices and a jump in consumer confidence."There is no recession coming," he tweeted in reference to the data.

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