Daily Chart Report π Friday, March 7, 2025
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Todayβs Summary
Friday, March 7, 2025
Indices: Nasdaq +0.74% | S&P 500 +0.55% | Dow +0.52% | Russell 2000 +0.43%
Sectors: 9 of the 11 sectors closed higher. Utilities led, rising +1.86%. Financials lagged, falling -0.53%.
Commodities: Crude Oil futures bounced +1.02% to $67.04 per barrel. Gold fell -0.43% to $2,914 per oz.
Currencies: The US Dollar Index closed lower for the fifth straight day, falling -0.22% to a four-month low of $103.91.
Crypto: Bitcoin dropped -3.51% to $86,759. Ethereum fell -2.80% to a 52-week low of $2,141.
Volatility: The Volatility Index dropped -5.95% to 23.38.
Interest Rates: The US 10-year Treasury yield rose to 4.305%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Steve Strazza (@sstrazza).
- The S&P 500 ($SPY) dropped -3.1% this week, marking the worst week for US stocks since September. However, international stocks broadly outperformed by a wide margin.
- Steve points out several international ETFs had their best week ever versus the S&P 500, including the MSCI EAFE ($EFA), Euro Stoxx 50 ($FEZ), All World Ex-US ($VEU), Germany ($EWG), and France ($EWQ).
- The chart shows MSCI EAFE vs. the S&P 500 ($EFA/$SPY) since 2001. The ratio is still trending lower, but large swings or momentum thrusts often occur at major turning points.
The Takeaway: Several international ETFs had a record-breaking week versus the S&P 500. While many international ratios continue to favor US Stocks, this momentum thrust indicates a potential trend reversal is brewing. For more on this topic, read the full post here.
Top Links
Stock Market & Crypto Analysis March 7, 2025 - Brian Shannon
Brian Shannon reviews this week's price action and key levels to watch next week.
Today's Number is... 5% - The Daily Number π―
Grant Hawkridge looks at the recent drawdown in the S&P 500.
Off the Charts: What is Next for European Markets - CNBC
Chris Verrone shares his thoughts on the outperformance in Europe.
Is U.S. Dollar Topping Pattern Pointing To Broader Concerns? - Kimble Charting Solutions
Chris Kimble examines the breakdown in the US Dollar Index ($DXY).
Rocks over Stocks? - Alfonso's Daily Note
Alfonso De Pablos points out that Gold is trying to break out relative to the S&P 500.
Quote of the Day
"Simplicity is the ultimate sophistication."
- Leonardo da Vinci