Chart of the Day - Monday, March 3, 2025

Patrick Dunuwila
March 3, 2025

Chart of the Day


🏆 Today's Chart of the Day was shared by Robert McDonald (@RMcDonnold). 
 

  • Today was the worst day for the S&P 500 since December, dropping -1.8%. It rose +0.5% this morning before bleeding lower throughout the day. 
     
  • Despite the recent carnage in high-beta areas of the market, Robert highlights two notable trends emerging in a weak tape: S&P Low Volatility ($SPLV) and Europe ($IEUR). 
     
  • Low Vol stocks ($SPLV) hit a record high for the first time in two months today as defensive rotation continued. Meanwhile, today was one of the best days for European stocks vs. U.S. stocks in the last decade. 
     

The Takeaway: Today was the worst day for the S&P 500 since December. However, Low Volatility stocks ($SPLV) broke out to a record high for the first time in two months, while Europe ($IEUR) saw its best relative performance in years. 

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