Wen Flippening? π The Daily Chart Report
Powered By:
Todayβs Summary
Wednesday, July 16, 2025
Indices: Russell 2000 +0.99% | Dow +0.53% | S&P 500 +0.32% | Nasdaq +0.10%
Sectors: 10 of the 11 sectors closed higher. Health Care led, gaining +1.24%. Energy was the only sector that closed lower, falling -0.86%.
Commodities: Crude Oil fell -0.21% to $66.38 per barrel. Gold gained +0.67% to $3,359 per oz.
Currencies: The US Dollar Index snapped a four-day winning streak, falling -0.36% to $98.28.
Crypto: Bitcoin is up +0.80% to $118,709. Ethereum is up +7.04% at a six-month high of $3,359.
Volatility: The Volatility Index fell -1.38% to 17.15.
Interest Rates: The US 10-year Treasury fell to 4.459%.
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 Aaron Jackson (@RotationReport).
- Bitcoin has stalled since reaching an all-time high of $123k on Sunday. Meanwhile, the second-largest Crypto, Ethereum ($ETH), is up +16% this week, reaching a six-month high of $3,400 today.
- Ethereum was the star of the 2017 cycle, but it hasn't made a record high since 2021. It has dramatically lagged Bitcoin in recent years. However, it has outperformed by +37% since the ratio bottomed in April.
- Aaron notes that the ratio has emerged from a two-month base over the past two days. Bitcoin remains the secular leader, and the long-awaited 'Flippening' won't be happening anytime soon. However, this signals an improving risk appetite for the broader crypto space.
The Takeaway: Ethereum has staged an impressive comeback since the April lows, outpacing Bitcoin by +37%. The ratio is emerging from a two-month base while establishing a new potential uptrend, suggesting further leadership from Ethereum in the months ahead.
Quote of the Day
βItβs just the nature of a rip-roaring bull market. Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, where the mania runs wild and prices go parabolic.β
- Paul Tudor Jones
Top Links
Three Reasons To Expect Higher Prices the Rest of 2025 - Carson Research
Ryan Detrick shares a few bullish data points to be aware of in the back half of the year.
Breadth Just Broke β and Nobody Told the Index π₯ - The Daily Number
Grant Hawkridge looks at yesterday's weak breadth reading in the S&P 500.
Market Choppiness or Consolidation is Reasonable Now - CNBC
Chris Verrone shares his thoughts on Treasury yields and the current market environment.
Bitcoin, IBIT Trounce Stocks - Bespoke
Bespoke highlights the growth of the iShares Bitcoin ETF ($IBIT) since its launch earlier this year.
Emerging Tailwinds - Alfonsos Daily Note
Alfonso De Pablos interprets the message from Emerging Market Currencies ($CEW).