Daily Chart Report ? Friday, December 23rd, 2022
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Today’s Summary
Friday, December 23rd, 2022
Indices: S&P 500 +0.59% | Dow +0.53% | Russell 2000 +0.39% | Nasdaq 100 +0.27%
Sectors: All 11 Sectors closed higher. Energy led by a wide margin, gaining +3.19%. Health Care lagged but still closed higher by +0.07%.
Commodities: Crude Oil futures gained +2.67% to $79.56 per barrel. Gold futures rose +0.50% to $1,804 per ounce.
Currencies: The US Dollar Index ticked lower by -0.07% to $104.33.
Crypto: Bitcoin inched lower by -0.22% to $16,784. Ethereum was flat and continues to trade around $1,218.
Interest Rates: The US 10-year Treasury yield rose to 3.751%.
**Reminder the US Stock Market & Bond Market will be closed on Monday, December 26th. Happy Holidays!**
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 Willie Delwiche (@WillieDelwiche). The S&P 500 is down -19.3% with just four trading days left, putting it on track for the worst year since 2008 (-38.5%). This year was especially brutal in terms of persistent volatility and weakness. The orange bars, show the number of +/-1% moves this year, while the blue bars show the number of days where new highs exceeded new lows. As Willie points out, 2022 matched years like 2008 & 1974 in terms of volatility, but even those terrible years had more days where new highs exceeded new lows. There are a lot of ways to quantify a 'bad year' but by most measures, 2022 was the worst year since the Great Financial Crisis.
Quote of the Day
“You can tell a lot about a person by the way they handle three things: a rainy day, lost luggage, and tangled Christmas tree lights.”
- Maya Angelou
Top Links
How Did 2022's Most Loved Stocks By Analysts Fare? - Bespoke
Bespoke points out that stocks with 100% buy ratings at the beginning of the year are down 32% YTD on average.
Welcome to the Santa Claus Rally - All Star Charts
JC Parets takes a look at the Santa Claus Rally, which officially started today.
Day After Christmas NASDAQ & Russell 2000 Up 73.5% Of Time - Almanac Trader
Jeff Hirsch examines how stocks have historically fared the day after Christmas (Tuesday, Dec. 27th).
Ten Questions Every Investor Should Ask At Year End - 2022 Edition! - Market Misbehavior
David Keller discusses the importance of reviewing your performance at the end of the year.
The American Dream - Joe Fahmy
Joe Fahmy shares some words of wisdom to think about over the holidays.
Top Tweets
You’re all caught up now. Thanks for reading!
