According to The Kobeissi Letter, the S&P 500 has closed positive for 8 consecutive trading sessions, marking the longest winning streak since August 2024. This rare event has only happened 7 times in the past 20 years, highlighting its statistical significance for traders. Since its April 7th low, the S&P 500 has surged by 17%, fully recovering all losses following the post-April 2nd 'Liberation' event. Such momentum signals a strong bullish sentiment and may prompt traders to watch for potential continuation or profit-taking, referencing historical price action for similar streaks (source: @KobeissiLetter on Twitter, May 2, 2025).