The Market's Middle Child π The Daily Chart Report
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Todayβs Summary
Wednesday, January 7, 2026
Indices: Nasdaq +0.06% | Russell 2000 -0.29% | S&P 500 -0.34% | Dow -0.94%
Sectors: Only 1 of the 11 sectors closed higher. Health Care led, gaining +0.99%. Utilities lagged, dropping -2.42%.
Commodities: Crude Oil fell -1.45% to $56.30 per barrel. Gold fell -0.75% to $4,462 per oz.
Currencies: The US Dollar Index inched higher by +0.14% to $98.73.
Crypto: Bitcoin is currently down -2.90% to $91,003. Ethereum is down -4.50% at $3,147.
Volatility: The Volatility Index rose +4.41% to 15.39.
Interest Rates: The US 10-year Treasury yield fell to 4.151%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by JC Parets (@JC_ParetsX).
- The S&P Mid-Cap 400 ($MDY) pushed to new all-time highs for the first time since 2024, after a prolonged period of underperformance versus both Large and Small-Caps.
- JC notes that compared to the S&P 500, $MDY is far less concentrated in Technology and carries heavier exposure to cyclical sectors like Industrials, Financials, and Consumer Discretionary.
- Notably, Mid-Caps are carrying their highest short interest in a decade, which may provide additional upside momentum if these positions begin to unwind.
The Takeaway: With Mid-Caps resuming higher from their secular uptrend, the broader market backdrop remains healthy and intact.
Quote of the Day
βThe more you want something
to be true, the more likely you are
to believe a story that overestimates
the odds of it being true."
- Morgan Housel
Top Links
A Strong Start to 2026 as Equity Leadership Broadens - Barometer Capital Management
David Burrows highlights improving market breadth and the rotation of sector leadership.
All-Time Highs Everywhere You Look - Alfonsoβs Daily Note
Alfonso De Pablos notes an expansion of new highs across several equally weighted sectors.
The Boy Who Cried "Energy Stocks" - Thompsonβs Two Cents
Larry Thompson reflects on the repeated excitement for Energy and the long-term implications for investors.
10 Charts to Watch in 2026 - Topdown Charts
Callum Thomas outlines 10 charts to keep an eye on as the year unfolds.
2026 Market Outlook (Ep. 169) - Carson Group
Ryan Detrick & Sonu Varghese review what shaped markets in 2025 and what that foundation means for 2026.
