Daily Chart Report ? Thursday, June 30th, 2022
Sponsored By:
Today’s Summary
Thursday, June 30th, 2022
Indices: Russell 2000 -0.66% | Dow -0.82% | S&P 500 -0.88% | Nasdaq 100 -1.33%
Sectors: 4 of the 11 Sectors closed higher. Utilities led, gaining +1.11%. Energy lagged, falling -2.11%.
Commodities: Crude Oil futures dropped -3.66% to $105.76 per barrel. Gold futures moved lower by -0.56% to $1,807 per ounce.
Currencies: The US Dollar Index fell -0.34%.
Crypto: Bitcoin dropped -5.93% to $18,904. Ethereum slid -6.30% to $1,030.
Interest Rates: The US 10-year Treasury yield fell to 3.017%.
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 Jared Blikre (@SPYJared). The first half of the year is over, and it was definitely one for the history books! The S&P 500 lost 20.56%, marking the worst first half of a year since 1970. Other major indices, like the Nasdaq and Russell 2000, have never experienced worse starts to a year than this. To make matters worse, Bonds are also off to a terrible start this year. In fact, Stocks & Bonds haven't been down together for two consecutive quarters like this since 2008. These stats should come as no surprise to daily market observers, but for passive investors who check their statements quarterly, this amount of damage is going to be hard to ignore.
Quote of the Day
“The stock market is a better economic forecaster than economists.”
- Walter Deemer
Top Links
Where Have All the Bulls Gone? - Bespoke
Bespoke breaks down the results of the latest AAII Sentiment Survey.
First Trading Day of July Most Bullish Day of Year - Almanac Trader
Jeff Hirsch takes a look at how Stocks have historically performed on the first trading day of July (tomorrow).
The Bear Market Keys - Honey Stocks Charting
Sam McCallum highlights some charts to beware of in the coming weeks.
Is Bitcoin Just Biding Time? - PFT Trading
Greg Rieben shares his thoughts on Bitcoin and what he's watching for signs of a bottom.
Fill the Gap Podcast with Guest, John Bollinger - The CMT Association
In this podcast, Tyler Wood and David Lundgren sit down with John Bollinger, creator of the famous Bollinger Band Indicator.
Top Tweets
You’re all caught up now. Thanks for reading!