Chart of the Day - Thursday, May 5th, 2022

Today’s Chart of the Day was shared by Michael Santoli (@michaelsantoli). It's a chart of the S&P 500 since Monday. It's been a choppy week to say the least. The S&P 500 rose 2.99% yesterday marking its best day in nearly two years, however, those gains were more than erased today with the index dropping 3.56%. Despite today's broad sell-off the S&P 500 is still positive on the week by 0.36%. The past three Fridays have been ominous with the index closing at the lows of the week. If we do close the week lower tomorrow, it will be the first five-week losing streak in over a decade (June 2011).