Daily Chart Report π Thursday, February 27, 2025
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Todayβs Summary
Thursday, February 27, 2025
Indices: Dow -0.45% | Russell 2000 -1.59% | S&P 500 -1.59% | Nasdaq 100 -2.75%
Sectors: 3 of the 11 sectors closed higher. Financials led, rising +0.55%. Tech lagged, dropping -3.64%.
Commodities: Crude Oil futures rose +2.52% to $70.35 per barrel. Gold dropped -1.18% to $2,895 per oz.
Currencies: The US Dollar Index rose +0.77% to $107.29.
Crypto: Bitcoin rose +0.68% to $84,639. Ethereum fell -1.19% to a five-month low of $2,305.
Volatility: The Volatility Index jumped +10.63% to 21.12.
Interest Rates: The US 10-year Treasury yield inched higher to 4.266%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by SubuTrade (@SubuTrade).
- The S&P 500 has fallen -4.6% from a record high over the past six days. It closed at a three-month low today, filling the post-election gap from November.
- While $SPX is barely off a record high, sentiment has turned extremely pessimistic. According to the latest AAII Sentiment Survey, the Bull-Bear spread plunged below -40% this week for the first time since Sept. 2022.
- The Bull-Bear spread has only been lower ten times in the last 30 years. The next 1-2 weeks have been unpredictable. However, the next 6-12 months have only been down once, and returns were stronger than usual.
The Takeaway: It's been over six months since $SPX fell more than 5% from a record high, yet sentiment is similar to what you'd expect to see at a major market bottom.
Top Links
What If We Lose the Semis? - The Strazza Letter
Steve Strazza points out that Semiconductor stocks look vulnerable.
Retail is at a CrossroadsβBuy Now or Stay Away? - StockCharts
Kurt Montevirgen examines the outlook for the Retail sector.
Depressed Stocks & NVDA - CappThesis
Frank Cappelleri shares several actionable setups.
The Catalyst for a Global Equities Rally - Alfonso's Daily Note
Alfonso De Pablos looks at the relationship between the US Dollar and International Stocks.
Quote of the Day
βIn all affairs, itβs a healthy thing now and then to hang a question mark on the things you have long taken for granted.β
- Bertrand Russell