Daily Chart Report ? Thursday, October 22nd, 2020

Today’s Summary
Thursday, October 22nd, 2020

Indices: US Stocks closed higher in today's session with the Dow Jones Industrial Average advancing 153 points or 0.54%. The S&P 500 and Nasdaq rose 0.52% and 0.19%, respectively. Small-Caps outperformed with the Russell 2000 gaining 1.65%.

Sectors: Energy led significantly, jumping 4.13%. Real Estate lagged, falling 0.70%.

Commodities: Crude Oil futures moved higher by 1.52% to $40.64 per barrel. Gold futures dropped 1.29% to $1,905 per ounce.

Currencies: The US Dollar Index rose 0.33%.

Interest Rates: The 10-year US Treasury yield moved higher for the sixth day in a row to 0.860% - the highest level since June.

Here are the best charts, articles, and ideas being shared on the web today!

Chart of the Day

Today’s Chart of the Day was shared in an article by Willie Delwiche (@WillieDelwiche). The chart shows Copper futures (top), Emerging Markets (middle), and Emerging Markets vs. the S&P 500 (bottom). Copper hit its highest level in more than two years yesterday. In the article, Willie explains, "Copper strength tends to bode well for Emerging Market stocks on both an absolute and relative basis (versus the S&P 500 Index)." As you can see in the lower pane, Emerging Market stocks have persistently underperformed the S&P 500 over the past decade. The Emerging Markets ETF, $EEM, is up just 23% over the past 10-years, while the S&P 500 ETF, $SPY, is up 193%. Willie added, "My guess remains that the extended period of US equity market dominance (versus the rest of the world) is drawing to a close. Investors' eyes should be on Copper. Will it breakout over 3.30?"

Quote of the Day