Industrials Breaks Stride After 340 Days

Bespoke Investment Group 48.9K Followers Follow Summary The S&P 500's Industrials sector rebounded more than 1% on Friday for one of its strongest sessions of the past month. After a steep decline from its August highs, Industrials is testing a level that provided support during the spring pullback. Thursday’s decline ended a streak of 340 straight closes above the 200-DMA, the sixth-longest since 1990 and the longest since March 2018. Torsten Asmus/iStock via Getty Images The S&P 500's Industrials sector rebounded more than 1% on Friday for one of its strongest sessions of the past month. That bounce came after Thursday’s close below its 200-DMA, the sector’s first below that level since This article was written by Bespoke Investment Group 48.9K Followers Follow Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (https://bespokepremium.com/) subscription service and also manages money (https://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (https://bespokeinvest.com/)