Daily Chart Report ? Monday, April 5th, 2021

Today’s Summary
Monday, April 5th, 2021

Indices: US stocks kicked off the week on a positive note with the Dow Jones Industrial Average advancing 374 points or 1.13%. The S&P 500 and Nasdaq gained 1.44% and 1.67%, respectively. The Russell 2000 underperformed, rising 0.49%.

Sectors: 10 of the 11 sectors closed higher. Consumer Discretionary led, gaining 2.27%. Energy was the only sector to close lower, falling 2.39%.

Commodities: Crude Oil futures dropped 4.33% to $58.79 per barrel. Gold futures were flat and continue to trade at $1,729 per ounce.

Currencies: The US Dollar Index dropped 0.49%.

Interest Rates: The 10-year US Treasury yield rose to 1.706%.

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 Alfonso Depablos (@AlfCharts). It's a daily candlestick chart of the Frontier Markets ETF, $FM, over the past eight months. Global equity markets can be classified into three groups;

1.) Developed Markets (US, Japan, Germany, France, etc.)
2.) Emerging Markets (China, India, Russia, Brazil, etc.)
3.) Frontier Markets (Kuwait, Vietnam, Nigeria, Kenya, etc.)

Frontier Markets are generally perceived as the riskiest and most aggressive of the three groups, simply because their economies are smaller and less developed. Alfonso points out that Frontier Markets are breaking out to 52-week highs after a three-month pause. This is a healthy sign for Stocks as an entire asset class because it demonstrates risk appetite and broad participation from equity markets around the globe.

Sponsored:

Quote of the Day

Skepticism and pessimism aren’t synonymous. Skepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.

– Howard Marks