$XLU worst day since around the COVID crash pic.twitter.com/GnY7eawg51 — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) October 2, 2023 Today’s Chart of the Day was shared by Mike Zaccardi (@MikeZaccardi). The Utilities sector ($XLU) tumbled -4.65% today, marking its worst day since the depths of Covid. It’s at a three-year low on an absolute basis […]
Chart of the Day – Monday, December 13th, 2021
Not exactly the emerging leadership you want to see, but staying patient through this correction has been the key. $XLU $XLP pic.twitter.com/DjIKR0V8M1 — Matthew Timpane, CMT (@mtimpane) December 13, 2021 Today’s Chart of the Day was shared by Matthew Timpane (@mtimpane). The chart shows the Utilities sector (black) and the Consumer Staples sector (blue) over […]
Evidence On Both Sides
If we were witnessing a real trial-by-jury (which, at the end of the day, is actually what the market is), I think it’d be safe to say that bears and bulls both have pretty solid evidence to put forth in their favor. Yes, there have been sub-industries that have done well and that we have […]
An Unusual Environment
Yesterday, Chris Verrone of Strategas appeared on Real Vision to give us his take on the current environment in markets. He believes that the Fed is the root cause for the rallies we have seen in equities, bonds, and even Gold. So, why are all three of these asset classes trading in sync? Chris notes […]
Bond Bulls in the Driver’s Seat
With the uncertainty around equity markets due to the recent correction, there seems to be a new round of piqued interest in the fixed income space, and thus interest rates as well. Are US Treasuries, typically viewed as a “safe haven” for investors in times of uncertainty, poised to see more gains? Should we be […]