Tuesday, December 31st, 2019
Indices: US stocks ended the year/decade on a positive note with the Dow Jones Industrial Average gaining 76 points or 0.27% in today’s session. The S&P 500 and Nasdaq closed higher by 0.29% and 0.30%, respectively. The Russell 2000 gained 0.26%.
Sectors: 10 out of the 11 sectors closed higher. Materials led, gaining 0.74%. Industrials lagged, changing just 0.06%.
Commodities: Crude Oil futures fell 0.88% to $61.10 per barrel. Gold futures rose 0.30% to $1,523 per ounce.
Currencies: The US Dollar Index fell 0.25%.
Interest Rates: The US 10-year Treasury yield moved higher to 1.919%.
Here are the best charts, articles, and ideas being shared on the web today!
Chart of the Day
Today’s Chart of the Day was shared in a note from LPL Financial Research. It’s a table that breaks down the performance of the S&P 500 in each decade going back to 1950. Over the past decade, the index averaged an annual return of 11.2% (13.5%, including dividends.) The 1950s, 1980s, and 1990s all saw better average annual returns than the 2010s did. However, this past decade was much better than the previous decade (the 2000s), where the S&P 500 averaged an annual loss of 2.7%. Also, investors saw 242 record highs over the past decade, versus a measly 13 record highs in the 2000s. 2019 turned out to be an excellent year for investors with the S&P 500 ending up nearly 30%, marking the best year for the index since 2013.
Quote of the Day
“Be at war with your vices, at peace with your neighbors, and let every new year find you a better man.”
– Benjamin Franklin (Founding Father of the United States)
First Trading Day of the Year: Dow Up 9 of the Last 11 – Almanac Trader
Jeff Hirsch explains that the first trading day of the new year has a pretty bullish track record.
TTG End of Year Video – Tribecca Trade Group
Christian Fromhertz of Tribecca Trade Group breaks down the performance of some of the major indices over the past week and year.
Why Quad Group’s Borish is Bullish on Silver – Bloomberg
Peter Borish of the Quad Group and Abigail Doolittle discuss the technical outlook for Silver.
Topping Off 2019 – All Star Charts
Tom Bruni of All Star Charts reviews several important charts that have reached their upside targets. He suggests that stocks may be due for a few weeks of consolidation before they can continue higher.
How to Play Technicals Heading Into 2020 – CNBC
John Roque of Wolfe Research made an appearance on CNBC yesterday to share some of the technical developments that he’s watching going into the new year, including, Precious Metals and the Energy sector.
Top 10 Tweets
2019 is in the books. I hope it was a great year for you! pic.twitter.com/4UVqrskHKp
— Brian Shannon, CMT (@alphatrends) December 31, 2019
What is the chart of the decade?
This might be it.
The 2010s will become the first decade that didn't see a recession. pic.twitter.com/p2wRJt8dWU
— Ryan Detrick, CMT (@RyanDetrick) December 31, 2019
S&P 500 Cumulative/Annualized Total Returns by Decade…
— Charlie Bilello (@charliebilello) December 31, 2019
— David Keller, CMT (@DKellerCMT) December 31, 2019
— Tex (@theycallmetex) December 31, 2019
— Downtown Josh Brown (@ReformedBroker) December 31, 2019
The Bloomberg dollar spot index is at its weakest level since March. pic.twitter.com/rpSDpulD7B
— Lisa Abramowicz (@lisaabramowicz1) December 31, 2019
— ivanhoff (@ivanhoff2) December 31, 2019
The Canadian dollar strengthened to a 14-month high against its U.S. Dollar on Tuesday, pushing the loonie’s annual rally to 5%, the biggest of any G10 currency #CanadaianDollar #USDollar pic.twitter.com/wCI53OVUY6
— Gregory Bent (@gregorybent) December 31, 2019
Interest Rates finishing the year near interesting levels. It is likely to have bigger implications for 2020. Here is Copper / Gold, Banks / REITs and the 10-yr $HG_F $GC_F $GDX $GLD $KRE $IYR $TNX $TLT $IEF $GDXJ pic.twitter.com/z9fq46iREV
— J.C. Parets (@allstarcharts) December 31, 2019
You’re all caught up now. Thanks for reading!