Daily Chart Report ? Wednesday, May 25th, 2022
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Today’s Summary
Wednesday, May 25th, 2022
Indices: Russell 2000 +1.95% | Nasdaq 100 +1.48% | S&P 500 +0.95% | Dow +0.60%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, gaining +2.82%. Utilities lagged, inching lower by -0.07%.
Commodities: Crude Oil futures rose +0.51% to $110.33 per barrel. Gold futures dropped -1.02% to $1,846 per ounce.
Currencies: The US Dollar Index rose +0.30%.
Crypto: Bitcoin rose +0.37% to $29,740. Ethereum fell -0.80% to $1,962.
Interest Rates: The US 10-year Treasury yield inched lower to 2.749%.
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 Charlie Bilello (@charliebilello). The S&P 500 is down more than 17% in the first 99 trading days of 2022, marking the fourth-worst start to a year in its history. As Charlie points out, the three years that got off to a worse start than 2022 were 1970, 1940, and 1932. On an optimistic note, all three of those years saw gains in the remaining part of the year. However, full-year returns have rarely ended in positive territory when this much damage has been done by the 100-day mark.
Quote of the Day
“Price makes news
not the other way around.”
– Peter Borish
Top Links
25 Stocks to Buy Before Memorial Day Week – Schaeffer’s Investment Research
Rocky White examines how the S&P 500 and its components have historically fared after Memorial Day.
Stocks Stabilize in a Bearish Trend but Commodities Still Lead the Way – Potomac Fund Management
Dan Russo highlights some key takeaways from the current market environment.
Value Knocks Out Growth – StockCharts.com
Julius de Kempenaer takes a look at the continued outperformance from Value stocks.
Stock Market Analysis May 25 2022 – AlphaTrends
Brian Shannon lays out some key levels to watch in the near term.
Top Tweets
You’re all caught up now. Thanks for reading!