European stocks are up 7 weeks in a row. Here’s how long winning streaks typically last

European stock markets rose beyond a key psychological barrier this month and show no signs of stopping. The STOXX Europe 600 hit 500 points for the first time last week, and the benchmark index has since notched yet another all-time high. The records come alongside positive returns for seven consecutive weeks. Yet, investors need not feel nervous from the market euphoria if history is any indication.

The Stoxx Europe 600 recorded its longest winning streak between June and August 1993, when the market rose for 12 straight weeks. What does Wall Street think? The weighted average of analyst price targets for the companies in the Stoxx Europe 600 points toward a 9.1% upside potential for the index, according to FactSet data.

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