Chart of the Day - Monday, August 18, 2025

🏆 Today's Chart of the Day was shared by Jamie Saettele (@JamieSaettele).
 

• The Solar ETF ($TAN) has surged +13.8% in the past two sessions, marking its best two-day gain since 2023. Still, it remains more than -85% below its 2021 peak.
   
• This also marks the strongest two-day run for “clean energy vs. dirty energy” with $TAN/$XLE seeing its best two-day gain since 2013. Jamie points out that the relative trend continues to defy political naratives.
   
• Trump was expected to be bad for solar and good for oil, yet $TAN outperformed $XLE by more than +1,000% during his first term, only to lag by -88% under Biden. It's happening once again, with $TAN up +21% since Inauguration Day versus -8% for $XLE. 

The Takeaway: Solar continues to defy the narrative, with $TAN outpacing the oil-heavy $XLE by nearly +30% since Trump took office again.