Daily Chart Report ? Friday, December 31st, 2021
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Today’s Summary
Friday, December 31st, 2021
Indices: Dow -0.16%| S&P 500 -0.26%| Nasdaq -0.61%| Russell 2000 -0.15%
Sectors: 6 of the 11 sectors closed higher. Consumer Staples led, gaining 0.68%. Communications lagged, falling 1.38%.
Commodities: Crude Oil futures snapped a 7-day winning streak, falling 2.31% to $75.21 per barrel. Gold futures rose 0.80% to $1,829 per ounce.
Currencies: The US Dollar Index fell 0.34%.
Interest Rates: The US 10-year Treasury yield inched higher to 1.514%.
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 Keith Lerner. The S&P 500 just closed out its best year since 2019, rising 28.79% (including dividends). Gains of this magnitude are rare. Prior to this year, the S&P 500 has gained 25% or more just 17 times since 1950. The table shows all the years that followed gains of 25% or more. The following year was positive 82% of the time for a solid average gain of 14%. Of course, anything can happen in 2022. But, as we look toward the new year it's important to consider that outsized gains have historically been followed by further gains more often than not. Click here to read the full article.
Quote of the Day
"An optimist stays up until midnight to see the new year in.
A pessimist stays up to make sure the old year leaves."
-William E. Vaughan
Top Links
Charts of the Year - LPL Financial Research
In case you missed it, here's a great summary of this year in charts.
Buying Weakness in Market Leaders - All Star Charts
Steve Strazza highlights a bunch of stocks that are rebounding off their December lows and look poised to continue higher.
The Median Stock Trailed the Index in 2021. That's Normal - Means to a Trend
Austin Harrison reviews market breadth in 2021.
Defense is the Name of the Game Despite Record Highs - Potomac Fund Management
Dan Russo takes a look at some important ratio charts.
Financials and Energy Should Do Well in a Rising Rates Environment - BNN Bloomberg
In this quick clip, JC Parets shares his thoughts on the past year and his outlook going forward.
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Thank you for reading & have a happy New Year!