Daily Chart Report π Monday, March 3, 2025
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Todayβs Summary
Monday, March 3, 2025
Indices: Dow -1.48% | S&P 500 -1.76% | Nasdaq -2.20% | Russell 2000 -2.81%
Sectors: 4 of the 11 sectors closed higher. Real Estate led, rising +0.86%. Energy lagged, dropping -3.49%.
Commodities: Crude Oil futures fell -1.99% to $68.37 per barrel. Gold rose +1.85% to $2,901 per oz.
Currencies: The US Dollar Index dropped -0.94% to $106.56.
Crypto: Bitcoin dropped -8.61% to $86,160. Ethereum dropped -14.73% to a 52-week low of $2,148.
Volatility: The Volatility Index jumped +16.06% to 22.77.
Interest Rates: The US 10-year Treasury yield dropped to 4.159%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Robert McDonald (@RMcDonnold).
- Today was the worst day for the S&P 500 since December, dropping -1.8%. It rose +0.5% this morning before bleeding lower throughout the day.
- Despite the recent carnage in high-beta areas of the market, Robert highlights two notable trends emerging in a weak tape: S&P Low Volatility ($SPLV) and Europe ($IEUR).
- Low Vol stocks ($SPLV) hit a record high for the first time in two months today as defensive rotation continued. Meanwhile, today was one of the best days for European stocks vs. U.S. stocks in the last decade.
The Takeaway: Today was the worst day for the S&P 500 since December. However, Low Volatility stocks ($SPLV) broke out to a record high for the first time in two months, while Europe ($IEUR) saw its best relative performance in years.
Top Links
Why We Expect Some Green in March - Carson Research
Ryan Detrick highlights several notable stats to consider as we kick off March.
Game. Set. BTC. - The Strazza Letter
Steve Strazza shares his thoughts on the recent volatility in Crypto.
Breadth Expansion Continues to Drive Bull Market - All Star Charts
JC Parets looks at the expansion in global breadth.
Where's the Weakness in Discretionary? - Bespoke
Bespoke examines the recent weakness in the Consumer Discretionary sector ($XLY)
One of the Most Bearish Charts - Alfonso's Daily Note
Alfonso looks at what credit spreads suggest for the current market.
Quote of the Day
"The crowd is bargain hunting in what was; the knowing are buying what will be."
- Justin Mamis