Daily Chart Report π Thursday, March 13, 2025
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Todayβs Summary
Thursday, March 13, 2025
Indices: Dow -1.30% | S&P 500 -1.39% | Russell 2000 -1.62% | Nasdaq -1.89%
Sectors: The only sector that closed higher was Utilities, rising +0.25%. Consumer Discretionary lagged, dropping -2.50%.
Commodities: Crude Oil futures fell -1.67% to $66.55 per barrel. Gold rose +1.51% to an all-time high of $2,991 per oz.
Currencies: The US Dollar Index rose +0.25% to $103.83.
Crypto: Bitcoin dropped -3.04% to $81,079. Ethereum fell -2.31% to $1,864.
Volatility: The Volatility Index rose +1.78% to 24.65.
Interest Rates: The US 10-year Treasury yield fell to 4.270%.
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 Ricardo Sarraf (@nullcharts)
- Stocks fell deeper into correction territory today. However, Gold closed at a record high and touched $3,000/oz. for the first time in history.
Gold has been printing all-time highs for over a year, but it was easy to ignore when other assets outperformed. With fewer things working these days, the case for owning gold is getting stronger.
- Ricardo points out that Gold is trying to break out versus the median stock. The ratio of Gold versus the Value Line Geometric Index is testing the same level it failed at in 1980, 2009, and 2011. A breakout would likely create FOMO and increase the opportunity cost of not owning Gold.
The Takeaway: Get ready for Gold mania if this ratio breaks out to an all-time high.
Top Links
Don't fight the trend π - The Daily Number π
Grant Hawkridge points out that the major indices have lost most of their moving averages.
Is the S&P 500 in a Bear Market? - CappThesis
Frank Cappelleri analyzes the recent price action in the S&P 500 and more.
Selling in US Growth Continues - All Star Charts
JC Parets highlights the areas of strength and weakness across the markets.
We're Gonna Be Like Three Little Fonzies Here - The Irrelevant Investor
Michael Batnick shares his thoughts on the recent correction.
Can Luck Oβ the Irish Stem the Tide? S&P 500 Up 23 of Last 31 St. Patrickβs Days
Jeff Hirsch examines how stocks have historically performed around St. Patty's Day.
Quote of the Day
"There's no fever like Gold fever."
- Richard Russell