Daily Chart Report π Tuesday, March 18, 2025
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Todayβs Summary
Tuesday, March 18, 2025
Indices: Dow -0.62% | Russell 2000 -0.89% | S&P 500 -1.07% | Nasdaq -1.66%
Sectors: 2 of the 11 sectors closed higher. Energy led, rising +0.16%. Consumer Discretionary lagged, dropping -1.78%.
Commodities: Crude Oil futures fell -1.23% to $66.75 per barrel. Gold rose +1.15% to an all-time high of $3,041/oz.
Currencies: The US Dollar Index fell -0.16% to a five-month low of $103.24.
Crypto: Bitcoin fell -1.60% to $82,715. Ethereum rose +0.26% to $1,931.
Volatility: The Volatility Index rose +5.90% to 21.71.
Interest Rates: The US 10-year Treasury yield fell to 4.285%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Aaron Jackson (@RotationReport).
- China is looking much more 'investable' these days after being called the opposite by many pundits last year. The China Tech ETF ($CQQQ) has gained +26% YTD, while its American equivalent, $QQQ, is down -7.2%.
- $CQQQ hasn't even broken out in absolute terms, but it's getting close. Aaron points out it's approaching resistance at $51 for the fourth time.
- $CQQQ has carved out a potential bottom over the past three years. Investors will find it much harder to ignore China if $CQQQ resolves higher. The largest holdings in $CQQQ are Tencent, Meituan, PDD Holdings, Kuaishou Technology, and Baidu.
The Takeaway: China Tech has notably outperformed US Tech this year. However, $CQQQ hasn't even broken out yet. If this three-year base resolves higher, it will confirm a multi-year bottom in Chinese stocks.
Top Links
Does Strength Beget Strength? πͺ - The Daily Number
Grant Hawkridge examines how the S&P 500 has historically performed after back-to-back 90% up days.
Jeffrey Hirsch & Larry Williams Unveil 2025-2027 Market Strategies - WealthWise
Jeff Hirsch and Larry Williams discuss the outlook for stocks.
Market Strategy Weekly: March 14, 2025 - Baird
Todd Sohn shares his thoughts on the recent volatility.
Credit Spreads: Recession Indicator or Market Correction? - LPL Financial Research
The team at LPL Financial Research looks at the message from credit spreads.
Quote of the Day
βHalf of the troubles of this life can be traced to saying yes too quickly and not saying no soon enough.β
- Josh Billings