Today’s Chart of the Day was shared by Callie Cox (@callieabost). The 2yr/10yr yield curve briefly inverted today for the first time since 2019. The yield curve has been known to be one of the best economic indicators out there. It has inverted before all of the past 10 recessions since 1950, but there are some important caveats […]
Chart of the Day – Friday, October 23rd, 2020
Regional Banks with some very constructive price action!$KRE $XLF $KBE pic.twitter.com/WxAFKR4KXF — Shane C. Murphy (@murphycharts) October 23, 2020 Today’s Chart of the Day was shared on Twitter by Shane Murphy (@murphycharts). It’s a daily candlestick chart of the Regional Banking ETF, $KRE, over the past year. Regional Banks broke above their 200-day moving […]
Treasury Yields Test Record Lows
Last week, the Federal Reserve cut US interest rates for the first time since the Financial Crisis. The Fed’s decision sparked a bond-market rally and flight to safety which sent yields spiraling lower around the world. Many are viewing the decision as a preemptive tactic by the central bank or an “insurance cut” to support […]
Why All The Pessimism?
“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria…” -Sir John Templeton We are staring at a rally that a majority of market participants truly hate. There is a lot of noise out there these days, including the back-and-forth from both sides of the political aisle and, of […]
Seeking Strength in Safe Haven Staples
Welcome to our new “Trade Ideas” segment of The Chart Report. In this post, we dive into the Staples Sector and identify two strong stocks that recently broke to new record highs: Church & Dwight ($CHD): Long above $69 / Price Target $83 Pepsi ($PEP): Long above $122 / Price Target $138 The Safety Trade […]