Bloody Friday π The Daily Chart Report
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Todayβs Summary
Friday, April 4, 2025
Indices: Russell 2000 -4.37% | Dow -5.50% | S&P 500 -5.97% | Nasdaq -6.07%
Sectors: All 11 sectors closed lower by -4% or more. Consumer Discretionary led but still dropped -4.31%. Energy lagged, tumbling -9.20%.
Commodities: Crude Oil slid -7.41% to a three-year low of $61.99 per barrel. Gold dropped -2.76% to $3,035 per oz.
Currencies: The US Dollar Index rose +0.93% to $102.89.
Crypto: Bitcoin is currently up +1.11% to $84,051. Ethereum is flat at $1,817.
Volatility: The Volatility Index surged +50.90% to 45.30.
Interest Rates: The US 10-year Treasury yield dropped to a six-month low of 4.00%.
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 Dean Christians (@DeanChristians).
- Today was even worse than yesterday, with the S&P 500 dropping nearly -6%. The index has shed -10.5% over the past two sessions, marking its worst back-to-back decline since March 2020.
- Dean points out that declines of this magnitude are extremely rare within two months of a record high. This has only been observed during some of the worst stock market crashes in history, including 1929, 1987, and 2020.
- It would be foolish to draw any bold conclusions from a sample size of three. That said, $SPX has historically struggled over the next week, but six-month returns have never been negative.
The Takeaway: The S&P 500 tumbled -10.5% in the final two days of the week. Declines of this magnitude are extremely rare within two months of an all-time. While history doesn't always repeat, this has only been observed during some of the worst stock market crashes, including 1929, 1987, and 2020.
Quote of the Day
βIn bear markets, stocks return to their rightful owners.β
- J.P. Morgan
Top Links
Stock Market & Bitcoin Analysis 4/4/25 - Brian Shannon
Brian Shannon breaks down this week's decline and some key levels to watch next week.
The Average Stock is in a Bear Market π§Έ - The Daily Number
Grant Hawkridge points out that the average stock in the S&P 500 was down over -20% as of Thursday.
Three Stocks to Watch: Utilities, Banks, Airlines - StockCharts
Jay Woods highlights three noteworthy stocks to watch next week.
Takeaways From Q1 ETF Flows and Positioning - Strategas Asset Management
Todd Sohn looks at what ETF flows suggest about the current market.
Falling Knives - The Weekly Trend Podcast
Ian McMillan and David Zarling discuss the recent decline and more.