Daily Chart Report ? Monday, January 3rd, 2022
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Today’s Summary
Monday, January 3rd, 2022
Indices: Dow +0.68% | S&P 500 +0.64% | Nasdaq +1.20% | Russell 2000 +1.21%
Sectors: 5 of the 11 sectors closed higher. Energy led, gaining 3.10%. Materials lagged, falling 1.30%.
Commodities: Crude Oil futures rose 1.16% to $76.08 per barrel. Gold futures dropped 1.56% to $1,800 per ounce.
Currencies: The US Dollar Index gained 0.58%.
Interest Rates: The US 10-year Treasury yield jumped up to 1.631%.
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 Frank Cappelleri (@FrankCappelleri) and EquityClock.com. The chart shows the S&P 500’s average historical performance over the past 20-years. The S&P 500 followed its historical average quite closely in 2021, so we want to continue to pay attention to seasonality. Over the past 20-years, the S&P has historically started off strong in January, only to roll over mid-month and finish lower. In a comment, Frank explained, “The S&P 500 has advanced in January just 9 out of 20 years (45% of the time), with an average move of -0.3%. As you can see from the table on the right, there have been big moves in January in both directions over the last 20 years. The index logged a move less than +/-1% only one year: 2020.”
Quote of the Day
“You wanna fly, you got to give up the shit that weighs you down.”
-Toni Morrison
Top Links
A Theme: New All-Time Highs – All Star Charts
JC Parets highlights several key indices and sectors that are hitting all-time highs.
January Indicator Trifecta Crystalizes 2022 Outlook – Almanac Trader
Jeff Hirsch checks up on some of the January seasonality indicators.
2021 Was One of the Best Years in Stock Market History – A Wealth of Common Sense
Ben Carlson explains that 2021 was one of the best years for the S&P 500 when you take volatility into account.
Best & Worst ETFs of 2021 – Benzinga
Here are some of the best and worst-performing ETFs from last year.
The U.S. Stock Market in 2021: Best and Worst Performing Sectors
Here’s a great visualization of the strongest and weakest areas of the stock market in 2021.
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Top Tweets
$BTC vs. $TNX beginning to diverge. 10-year yields launching higher this morning amidst low demand for bonds. Does $BTC follow suit or will we start to see a widening gap between these two variables? Might need to see 10-yr yield break above 2021 highs for #Bitcoin continuation. pic.twitter.com/oO5nrIquE9
— Caleb Franzen (@CalebFranzen) January 3, 2022
You’re all caught up now. Thanks for reading!
