Indecision Week π The Daily Chart Report
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Todayβs Summary
Thursday, April 17, 2025
Indices: Russell 2000 +0.92% | S&P 500 +0.13% | Nasdaq 0.00% | Dow -1.33%
Sectors: 9 of the 11 sectors closed higher. Energy led, rising +2.26%. Health Care lagged, dropping -0.59%.
Commodities: Crude Oil rose +2.37% to $64.01 per barrel. Gold fell -0.54% to $3,328 per oz.
Currencies: The US Dollar Index rose +0.13% to $99.40
Crypto: Bitcoin rose +1.08% to $84,954. Ethereum rose +0.42% to $1,583.
Volatility: The Volatility Index dropped -9.10% to 29.66.
Interest Rates: The US 10-year Treasury yield rose to 4.333%.
***Reminder, the markets will be closed tomorrow (Friday, April 18th), in observance of Good Friday. Enjoy the long weekend!***
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Grant Hawkridge (@granthawkridge).
- The S&P 500 ($SPY) fell -1.4% this week, while the rest of the world ($VEU) rose +2.1%, as the rotation out of US Stocks continued.
- The ratio ($VEU/$SPY) had its best week ever last month. Although this week wasn't as strong, it was still the fifth-best week in the past decade. These momentum thrusts are characteristics of a long-term trend reversal.
- Grant points out that $VEU/$SPY reached a 10-month high this week after clearing a confluence of resistance from its October peak and an 18-year downtrend line. The U.S. dominated the rest of the world for nearly two decades, but that trend is no longer intact.
The Takeaway: International stocks had their fifth-best week in the past decade versus U.S. stocks, with $VEU/$SPY breaking out to a 10-month high. While U.S. stocks have dominated for nearly two decades, the trend is finally shifting in favor of international stocks. For more on this topic, check out the full note here.
Quote of the Day
βIf anybody laughs at your idea,
view it as a sign of potential success!β
- Jim Rodgers
Top Links
Global Markets Post New Relative Highs π - The Daily Number
Grant Hawkridge examines the recent strength in international stocks.
Defense Holds Strong - Alfonso's Daily Note
Alfonso De Pablos checks on the Consumer Ratio ($RSPD//$RSPS) and its implications for the broader market.
Bull Market? Bear Market? Or Something in the Middle? - Carson Group
Ryan Detrick offers his perspective on the current market environment.
Investors Should Use the Relief Rally to Reduce Exposure, Says Fairlead's Katie Stockton - CNBC
Katie Stockton discusses Gold and the recent volatility in Stocks.
Legendary Trader Tom Basso Explains What's Happening With The Commodities Market - Gold Rush
Tom Basso joins Jason Perz to discuss trading and more.