Liberation Day Looms π Daily Chart Report
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Todayβs Summary
Tuesday, April 1, 2025
Indices: Nasdaq +0.82% | S&P 500 +0.38% | Russell 2000 +0.02% | Dow -0.03%
Sectors: 9 of the 11 sectors closed higher. Consumer Discretionary led, rising +1.04%. Health Care lagged, falling -1.83%.
Commodities: Crude Oil futures fell -0.39% to $71.20 per barrel. Gold closed slightly lower by -0.14% to $3,146 per oz.
Currencies: The US Dollar Index was flat at $104.20.
Crypto: Bitcoin is up +3.25% to $85,217. Ethereum is up +4.73% to $1,908.
Volatility: The Volatility Index dropped -2.20% to 21.78.
Interest Rates: The US 10-year Treasury yield dropped to 4.161%.
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 Chris Verrone (@verrone_chris).
- Gold just booked its best quarter since 1986, rising +19.3% in Q1. It's up again this week after closing higher in 12 of the last 13 weeks, although it closed slightly off its record high today by -0.14%.
- Gold has done twice as well as stocks throughout the current bull market. The S&P 500 is up +45% since the bull market began in October 2022, but Gold is up a whopping +91%.
- This strong and steady uptrend remains intact, but Chris points out that Gold has become historically stretched from its long-term average. He notes that retail flows are surging while price is trading nearly three standard deviations above its 200-day moving average.
The Takeaway: Gold just had its best quarter since 1986. However, the yellow metal is likely due for a pause after becoming historically stretched from its long-term average.
Quote of the Day
"The first principle is that you must not fool yourself and you are the easiest person to fool."
- Richard Feynman
Top Links
Down Q1 Can Lead to More Trouble - Almanac Trader
Jeff Hirsch examines how the S&P 500 has historically performed after a negative performance in Q1.
Tech is Likely to Return as the Sector Leader, Strategas' Chris Verrone - CNBC
Chirs Verrone shares his thoughts on yesterday's retest.
Technical Tuesdays π with The Chart Report - X
Here's the recording of our discussion on Twitter spaces from earlier today. Join us live every Tuesday at 11am ET.
Waving Goodbye to A Tariff-ible Quarter - Carson Research
Ryan Detrick asses the damage in the S&P 500 after its worst quarter in two years.