Another Manic Monday for Stocks π The Daily Chart Report
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Todayβs Summary
Monday, April 21, 2025
Indices: Russell 2000 -2.14% | S&P 500 -2.36% | Nasdaq -2.46% | Dow -2.48%
Sectors: All 11 sectors closed lower. Consumer Staples led, but still fell -0.95%. Consumer Discretionary lagged, dropping -2.67%.
Commodities: Crude Oil dropped -2.50% to $62.41 per barrel. Gold rose +2.91% to an all-time high of $3,325 per oz.
Currencies: The US Dollar Index dropped -1.09% to a three-year low of $98.32
Crypto: Bitcoin is currently up +2.18% to $87,055. Ethereum is down -0.84% to $1,574.
Volatility: The Volatility Index gained +13.99% to 33.81.
Interest Rates: The US 10-year Treasury yield rose to 4.417%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Steve Deppe (@SJD10304).
- The S&P 500 ($SPX) is down -8.1% in April with seven trading days remaining, putting it on pace for its worst month since September 2022.
- Steve points out that when the S&P 500 falls -5% or more in April, the rest of the year has historically been challenging. This has happened 13 other times since 1950.
- Over the next three months, $SPX was higher just 23% of the time, with an average loss of -4%. One-year returns were only slightly better than a coin toss, with $SPX higher 54% of the time for an average gain of just +3.2%.
The Takeaway: When the S&P 500 has dropped -5% or more in April, the remainder of the year has historically leaned bearish.
Quote of the Day
βI know where Iβm getting out before I get in."
- Bruce Kovner
Top Links
A View from the Floor with Jay Woods, CMT - Freedom Capital Markets
Jay Woods highlights a few noteworthy things to watch this week.
Most Bulls Have Left the Building π’ - The Daily Number
Grant Hawkridge breaks down the latest sentiment numbers.
Sunday Night Review 4/20/25 - Brian Shannon
Brian Shannon outlines some key levels to watch this week.
Equities? Fuhgeddaboudit! Alternative Assets are Leading - StockCharts
Art Hill looks at the areas of strength outside of stocks.