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- "Credit spreads on hyperscalers and big chip companies have blown out"
"Credit spreads on hyperscalers and big chip companies have blown out"
DC Lite #720
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1. Existing home sales. "After a brief rebound last month, existing home sales plummeted to a 16-year low in October."
2. Investment Manager Index. "Risk appetite edges higher but mid-terms drive change in sentiment by sector. Preferences rotate defensively from tech and energy and toward likely winners from a shift in control of Congress, buoying consumer stocks."
3. DRAM flows. The popular Memory ETF $DRAM enjoyed 21 consecutive weeks of inflows after its launch in April, including several weeks following its June peak. Investors gave up buying the dip by mid-August and have not returned.
4. QQQ short interest. "Short interest on the $QQQ ETF has risen to its highest level since 2023"
5. Hyperscaler CDS. "Credit spreads on hyperscalers and big chip companies have blown out, and this is easiest to see in credit default swap prices."
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