Chart of the Day - Monday, December 2nd, 2019

Today’s Chart of the Day was shared on Twitter by Saul Noyes (@SaulNoyes). It's a daily candlestick chart of the 20+ Year US Treasury Bond ETF, $TLT. The S&P 500 fell 0.86% today, marking the worst day for stocks since mid-October. To be fair, that stat really just speaks to the lack of volatility over the past few weeks. Saul points out that we didn't see the typical "flight to safety" that one might expect on a day like today. Bonds were even weaker than stocks with $TLT falling 1.33%. Another safe-haven asset, Gold, was unable to catch a bid, slipping 0.24%. The "flight to safety" was even absent at the sector level, with defensive sectors like Real Estate lagging the rest of the market. We're only talking about one day here, but, as Saul notes, this sort of price action begs the question: "where are they going?"