Daily Chart Report ? Tuesday, December 22nd, 2020
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Today’s Summary
Tuesday, December 22nd, 2020
Indices: US Stocks were mixed in today's session. The Dow Jones Industrial Average fell 201 points or 0.67%. The S&P 500 inched lower by just 0.21%, while the Nasdaq closed higher by 0.51%. Small-Caps outperformed, with the Russell 2000 gaining 0.99%.
Sectors: 2 of the 11 sectors closed higher. Tech led, rising 0.87%. Energy lagged, falling 1.68%.
Commodities: Crude Oil futures dropped 1.98% to $47.02 per barrel. Gold futures fell 0.66% $1,870 per ounce.
Currencies: The US Dollar Index gained 0.63%.
Interest Rates: The 10-year US Treasury yield inched lower to 0.920%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day comes from JP Morgan and was shared in a note by Ben Carlson (@awealthofcs). We've all heard the phrase buy low & sell high. With this mindset, it would seem ludicrous to buy stocks when they're at all-time highs. However, it often pays to buy high & sell higher. This is because markets trend. The light green bars show the average total returns of investing in the S&P 500 on any random day since 1988, while the dark green bars show the average returns of investing only when the S&P 500 is at an all-time high. As you can see, you'd be better off putting your money to work when the S&P 500 is trading at an all-time high. For more on this, check out the full piece here.
Quote of the Day
"Try to learn something about everything and everything about something."
– Thomas Huxley
Top Links
Santa Claus Rally Begins Thursday - All Star Charts
JC Parets discusses the Santa Claus Rally.
Silver (SLV) Rallies and More of the Same from Gold (GLD) - Bespoke
Bespoke analyzes the recent action in Gold & Silver.
Systematic Investor Podcast ft. Jerry Parker - Top Traders Unplugged
In this podcast, legendary trend follower Jerry Parker weighs-in on some of the major trends across the markets, including Bitcoin, Tesla, and more.
Tony Dwyer's Outlook for 2021 Market Performance - TD Ameritrade Network
In this clip, Tony Dwyer shares his perspective on the current market environment.
It's Starting to Warm Up - Cully Charts
Ian Cully examines the outlook for Stocks, Bonds, and Commodities.
Top Tweets