The Bull is Broadening π The Daily Chart Report
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Todayβs Summary
Friday, September 12, 2025
Indices: Nasdaq 100 +0.42% | S&P 500 -0.05% | Dow -0.59% | Russell 2000 -1.01%
Sectors: 3 of the 11 sectors closed higher. Communications led, gaining +0.83%. Healthcare lagged, falling -1.15%.
Commodities: Crude Oil rose +0.51% to $62.69 per barrel. Gold rose +0.35% to an all-time high of $3,686 per oz.
Currencies: The US Dollar Index rose +0.12% to $97.62.
Crypto: Bitcoin is currently up +0.47% to $116,118. Ethereum is up +5.40% at $4,701.
Volatility: The Volatility Index rose +0.34% to 14.75.
Interest Rates: The US 10-year Treasury yield rose to 4.068%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
- While seemingly unrelated, Small Caps ($IWM) and Ethereum ($ETH) have generally moved in tandem since the pandemic. Both are currently pressed against their 2021 peaks, on the cusp of all-time highs.
- Their βsaferβ counterparts, Large Caps and Bitcoin, kicked off the bull market over a year ago by reclaiming their 2021 peaks in 2023 and 2024, respectively.
- As the market cycle matures, it's natural to see rotation down the risk spectrum, and we should see capital flow toward higher beta alternatives like Small Caps, Ethereum, and even Silver.
The Takeaway: Large Caps and Bitcoin started the party more than a year ago, but their higher-beta alternatives have finally arrived. Small Caps and Ethereum are knocking at the door and ready to join the party.
Quote of the Day
βOpportunities multiply as they are seized.β
- Sun Tzu
Top Links
Another Strong Week for Stocks - Bespoke
Bespoke breaks down this week's action.
Chips Set the Stage - Alfonso's Daily Note
Alfonso De Pablos examines the continued leadership from Semiconductors ($SMH).
How Old Is This Bull Market? Younger Than You Think
Ryan Detrick offers some stats about the current bull market as it approaches its third birthday.
Is the Bull Market Over? - Roundhill Roundup
David Mazza and Thomas DiFazio look at the staying power of the current bull market.
Teslaβs Stock has Momentum and Can Pretty Easily Back to Old Highs - CNBC
Jeff deGraaf shares his thoughts on Tesla ($TSLA) and the broader market environment.
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