Dow's Longest Win Streak in Years Points to Recession-Free Future

The Dow Jones Industrial Average is experiencing its longest win streak since 2017, with the index closing higher for the 11th consecutive day. This streak suggests that there is no recession in sight, according to Carson Group's Ryan Detrick. Historical data shows that win streaks from the Dow have resulted in positive forward-looking returns, with blue chips higher three, six, and twelve months later. Detrick also pointed to an increase in home prices and consumer confidence as indicators that a recession is unlikely.