Daily Chart Report ? Thursday, June 9th, 2022
Sponsored By:
Today’s Summary
Thursday, June 9th, 2022
Indices: Dow -1.94% | Russell 2000 -2.12% | S&P 500 -2.38% | Nasdaq 100 -2.74%
Sectors: All 11 sectors closed lower by -1.50% or more. Consumer Staples led, but still fell -1.50%. Communications lagged, dropping -3.07%.
Commodities: Crude Oil futures fell -0.49% to $121.51 per barrel. Gold futures inched lower by -0.20% to $1,853 per ounce.
Currencies: The US Dollar Index gained +0.74%.
Crypto: Bitcoin fell -0.58% to $30,011. Ethereum slipped -0.30% to $1,785.
Interest Rates: The US 10-year Treasury yield rose to 3.047%.
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 Liz Ann Sonders (@LizAnnSonders). It’s a chart of Crude Oil over the past five decades, along with a 12-month % change indicator (orange). Crude Oil is up about 70% over the past year. Liz Ann points out that Oil price spikes of this magnitude are often associated with recessions. Will this time be different?
Quote of the Day
“Fall in love with people, children, and dogs, but not stocks.”
– Barton Biggs
Top Links
The Ups and Downs of Sentiment – Bespoke
Bespoke breaks down the results of the latest AAII Sentiment Survey.
So I Guess We’re Just Going to do This Until Friday | 5 Charts – LPL Financial Research
In this quick video, Ryan Detrick and Scott Brown highlight five noteworthy charts to keep an eye on.
Weaker Yen Points to Higher Rates – All Star Charts
The team at All Star Charts points out that the Dollar/Yen currency pair is suggesting interest rates will continue higher.
Are Yields Finally Ready to Top? History Suggests Not – StockCharts
Erin Swenlin explains why we likely haven’t seen interest rates peak yet.
Top Tweets
You’re all caught up now. Thanks for reading!