Daily Chart Report ? Monday, March 22nd, 2021

Today’s Summary
Monday, March 22nd, 2021

Indices: US Stocks kicked off the week on a positive note with the Dow Jones Industrial Average rising 103 points or 0.32%. The S&P 500 and Nasdaq gained 0.70% and 1.23%, respectively. The Russell 2000 underperformed, falling 0.90%.

Sectors: 6 of the 11 sectors closed higher. Technology led, gaining 1.75%. Energy lagged, falling 2.00%.

Commodities: Crude Oil futures inched higher by 0.20% to $61.55 per barrel. Gold futures slipped 0.21% to $1,738 per ounce.

Currencies: The US Dollar Index inched lower by 0.14%.

Interest Rates: The 10-year US Treasury yield moved lower to 1.693%.

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 last week on Twitter by Katie Stockton (@StocktonKatie). It's a chart of the Volatility Index ($VIX) over the past two years. The VIX is a teenager again! It closed at a fresh 52-week low today, below that key 20 level. The VIX spent 246 days above 20 before finally closing below it last month. Since then, we've seen several whipsaws above and below 20, but overall, the VIX continues to fall into a more 'normal' range. As Katie points out, VIX under 20 is evidence that we could be transitioning back into a low volatility regime. These volatility regimes can persist for a while. Take a look at years like 2013, 2017, and 2019. The VIX was in a low volatility regime (barely closed above 20) while the S&P 500 steadily marched higher.

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Quote of the Day

“Short-term volatility is greatest at turning points and diminishes as a trend becomes established.”

– George Soros