Snapback to Reality π The Daily Chart Report
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Todayβs Summary
Thursday, April 10, 2025
Indices: Dow -2.50% | S&P 500 -3.46% | Nasdaq -4.19% | Russell 2000 -4.27%
Sectors: 10 of the 11 sectors closed lower. Consumer Staples barely closed higher +0.05%. Energy lagged, dropping -6.53%.
Commodities: Crude Oil dropped -3.66% to $60.07 per barrel. Gold jumped +3.19% to an all-time high of $3,178 per oz.
Currencies: The US Dollar Index had its worst day in over two years, dropping -1.94% to $100.91.
Crypto: Bitcoin fell -3.70% to $79,543. Ethereum dropped -8.85% to $1,522.
Volatility: The Volatility Index jumped +21.05% to 40.71.
Interest Rates: The US 10-year Treasury yield rose to 4.425%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Jason Perz (@JasonP138).
- The US Dollar Index ($DXY) had its worst day since November 2022 today, dropping -1.94% to a six-month low.
- $DXY has been range-bound over the past two years. However, Jason points out that it's testing the lower bounds of the range, around $100.
- This level has already acted as support several times. If $DXY finally breaks below $100, it will open the door to further Dollar weakness in the coming months/years.
The Takeaway: Today was the worst day for the US Dollar Index ($DXY) in over two years. It's testing support at $100 and threatening to break down from a multi-year range.
Quote of the Day
"A bull market is when you check your stocks every day to see how much they went up.
A bear market is when you don't bother to look anymore."
- John Hammerslough
Top Links
Sentiment Stays Bearish - Bespoke
Bespoke breaks down the latest sentiment numbers.
Scanning For Relative Strength - The Strazza Letter
Steve Strazza highlights the strength out of European Financials ($EUFN).
Observations From the Equity Market Correction - Strategas Asset Management
Todd Sohn shares a few insights on the recent sell-off.
Was That The Launchpad? π - The Daily Number
Grant Hawkridge looks at how the S&P 500 has historically performed after large days like yesterday.