Daily Chart Report ? Friday, October 8th, 2021

Today’s Summary
Friday, October 8th, 2021

Indices: US Stocks closed slightly lower in today’s session. The Dow was flat (0.03%). The S&P 500 and Nasdaq slipped 0.19% and 0.51%, respectively. The Russell 2000 underperformed, falling 0.76%.

Sectors: 2 of the 11 sectors closed higher. Energy led by a wide margin, gaining 3.08%. Real Estate lagged, falling 1.09%.

Commodities: Crude Oil futures rose 1.53% to their highest level since 2014 at $79.50 per barrel. Gold futures inched lower by 0.15% to  $1,757 per ounce.

Currencies: The US Dollar Index slipped 0.10%.

Interest Rates: The 10-year US Treasury yield rose to a four-month high of 1.608%.

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 Willie Delwiche (@WillieDelwiche). The chart shows Commodities ($DBC), relative to Stocks and Bonds over the past four years. Willie points out that Commodities are outperforming both Stocks and Bonds so far this year. Generally speaking, investors lack exposure to Commodities as an asset class, and it’s understandable. Prior to this year, Commodities had been dead money for a decade. They don’t yield income like other asset classes, so they’ve been relatively unattractive in the low-interest-rate environment that we’ve been in. Also, they require more tactical management than Stocks or Bonds, making them unpopular in this era of passive investing. In a note written earlier today, Willie said, “We like to say that dollars flow to where they are treated best. If that is the case, Commodities could soon see a surge of inflows. For many investors, Commodity exposure isn’t even included as part of the asset allocation discussion. At least, not yet.”

Quote of the Day

“Win as if you were used to it,
lose as if you enjoyed it for a change.”

– Ralph Waldo Emerson