Today’s Chart of the Day was shared on Twitter by Cousin Vinny (@Couzin_Vinny). It's a daily candlestick chart of the S&P 500 ETF, $SPY, over the course of 2019. The ETF closed at an all-time high today for the sixth time this month. Vinny highlights the fact that the index is up about 13% from the October lows. This is a stark contrast to how the S&P 500 was performing this time last year. Between October 1st and Christmas eve of last year, the index plunged nearly 20%, which was unusual considering that the fourth quarter is typically bullish for stocks. It'll be interesting to see if $SPY will continue to charge higher going into the new year.
Chart of the Day - Friday, December 20th, 2019
December 20, 2019
