Daily Chart Report ? Friday, January 15th, 2021

Today’s Summary
Friday, January 15th, 2021

Indices: US Stocks closed lower in today’s session with the Dow Jones Industrial Average slipping 177 points or 0.57%. The S&P 500 and Nasdaq fell 0.72% and 0.87%, respectively. The Russell 2000 underperformed, dropping 1.49%.

Sectors: 4 of the 11 sectors closed higher. Real Estate led, gaining 1.54%. Energy lagged, dropping 3.89%.

Commodities: Crude Oil futures fell 2.69% to $52.13 per barrel. Gold futures dropped 1.28% to $1,828 per ounce.

Currencies: The US Dollar Index moved higher by 0.61%.

Interest Rates: The 10-year US Treasury yield fell to 1.087%.

** The Stock Market & Bond Market will both be closed on Monday, January 18th, in observance of Martin Luther King Jr. Day **

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 on Twitter by Drew Wells (@DrewTheCharts). It’s a ratio chart of Micro-Caps vs. Quality stocks ($IWC/$QUAL). This is ratio serves as a good measure of risk-appetite for the broader market. The Micro-Cap ETF is comprised of small, speculative companies like $FCEL, $APPS, and $NTLA. While the Quality ETF is made up of large, well-established companies like $AAPL, $MSFT, and $NKE. When this ratio is rising, it means the speculative names are outperforming the more blue-chip names. In a comment to The Chart Report, Drew said, “Many of these risk-on/risk-off ratios are telling the same story right now. And that story is that investors continue to be comfortable taking risks in this environment. Until that changes, why fight the trend?”

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Quote of the Day

“We are not makers of history. We are made by history.”

– Martin Luther King Jr.