Daily Chart Report π Wednesday, December 27, 2023
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Todayβs Summary
Wednesday, December 27, 2023
Indices: Russell 2000 +0.34% | Dow +0.30% | Nasdaq 100 +0.17% | S&P 500 +0.14%
Sectors: 8 of the 11 sectors closed higher. Real Estate led, rising +0.57%. Energy lagged, falling -0.44%.
Commodities: Crude Oil futures dropped -1.93% to $74.11 per barrel. Gold futures rose +1.13% to an all-time high of $2,093 per oz.
Currencies: The US Dollar Index dropped -0.81% to a five-month low of $100.95.
Crypto: Bitcoin gained +2.27% to $43,473. Ethereum rose +6.71% to a 19-month high of $2,381.
Volatility: The Volatility Index fell -4.31% to 12.42.
Interest Rates: The US 10-year Treasury yield dropped to a five-month low of 3.798%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
Todayβs Chart of the Day was shared by Bespoke (@bespokeinvest). November and December have historically been the best months for the Russell 2000, but they were even better than usual this year. Bespoke points out that the Small-Cap index has surged +24.3% since the end of October, marking its third-best two-month gain ever. Thrusts of this magnitude are rare, but they've exclusively occurred in the early stages of bull markets, after major cyclical lows.
Quote of the Day
"The man who reads nothing at all is better educated than the man who reads nothing but newspapers."
β Thomas Jefferson
Top Links
The Top Five Charts of 2023 - StockCharts
David Keller highlights five noteworthy charts from this past year.
Canaccord Genuity's Chief Strategist Sees Solid Market in Year End - CNBC
Tony Dwyer shares his thoughts on the current market environment and the year ahead.
Gold Indicator Testing Important Bullish Breakout Level! - Kimble Charting Solutions
Chris Kimble breaks down a ratio chart of Gold vs. the US Dollar Index.
JP Morgan (Performance) Chase - Bespoke
Bespoke looks at the relentless rally in shares of JP Morgan ($JPM).
Top Tweets