A dramatic late-session rally brought the S&P 500 back from the brink of a bear market, but the index still sank for a seventh straight week in a stretch of weakness not seen since 2001. The benchmark closed the day little changed in the green, after a selloff earlier sent it down more than 2% from a January closing high, meeting the common definition of a bear market. At the end of another volatile week, the monthly expiration of options tied to equities and exchange-traded funds exacerbated price swings. Treasuries gained with the dollar as havens caught bids. In a week marked by buy-the-dip, sell-the-rally price action, investors grappled with concerns about an economic slowdown and prospects for more monetary tightening, while retailers signaled the mounting impact of high inflation on margins and consumer spending. The S&P 500’s seventh weekly decline marked the longest losing streak since the dotcom bubble burst more than two decades ago. It’s just its fourth streak of seven or more weekly losses in the post-World War II period, according to Bespoke Investment Group. “It’s a small sample size, but these types of streaks haven’t occurred during particularly positive periods for the equity market,” wrote the firm’s strategists in a note. “The root causes of the weakness have been the hawkish FOMC and increasing concerns over the potential for a recession.” NN: the world is not only going into a recession but a balls to the wall depression… Energy and food stress will displace billions of people and redefine borders. In the US Realestate will collapse and the stock market will have its biggest wipeout ever. It will take decades to recover if ever. Knowing that is nice. But turning it into money is a bugger. That’s why i get the hard job. But if you can guess right the profits are astonishing. BUT the risks are sky sky high. Its the volatility that is the killer. Odds are against us….. For me they always have been. Nothing new here….