Daily Chart Report ? Wednesday, June 30th, 2021
Sponsored By:
Today’s Summary
Wednesday, June 30th, 2021
Indices: US Stocks were mixed in today’s session. The Dow rose 210 points or 0.61%. The S&P 500 inched higher by just 0.13%, while the Nasdaq inched lower by 0.17%. The Russell 2000 was more or less flat (0.07%).
Sectors: 6 of the 11 sectors closed higher. Energy led, gaining 1.24%. Real Estate lagged, falling 0.78%.
Commodities: Crude Oil futures moved higher by 0.67% to $73.47 per barrel. Gold futures rose 0.45% to $1,772 per ounce.
Currencies: The US Dollar Index gained 0.31%.
Interest Rates: The 10-year US Treasury yield was unchanged and remains at 1.471%.
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 by Ryan Detrick (@RyanDetrick). The first half of the year is in the books! It’s been a particularly strong first half, with very little downside volatility. The S&P 500 is up about 14.4% over the past 6-months, and we haven’t even had a pullback of 5% or more that entire time. Ryan points out that a strong first half for the S&P 500, is often followed by a strong second half. According to his data, when the S&P 500 is up 12.5% or more in the first half, the second half returns an impressive median gain of 9.7%. In a separate note, Ryan also pointed out that Q3 is historically the worst quarter of the year. However, Q4 is historically the best quarter of the year. If history rhymes, any potential weakness in Q3 could prove to be a buying opportunity by the end of the year.
Quote of the Day
“There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.”
– Donald Rumsfeld
Top Links
4 Charts to Help You Get Ready For July and Beyond – LPL Financial Research
The team at LPL Financial Research shares some must-see stats to help you prepare for the second half of the year.
Stocks Only Going Up in the First Half – Bespoke
The S&P 500 has gone the entire first half of the year without a pullback of 5% or more, on a closing basis. In this note, Bespoke examines the 14 other years that this has happened.
Record Highs, But Not Much Froth – Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.
Intermarket Update – AlphaCharts
Brian at AlphaCharts takes a look at some noteworthy trends on his radar.
2021 European Summit – CMT Association
The CMT Association is hosting a virtual European summit over the next two days. They’ve got a stellar lineup of esteemed technical analysts, so be sure to register for the event!
Sponsored:
Offer valid until July 7th, 11:59 PM CST
Top Tweets
You’re all caught up now. Thanks for reading!