DC Lite #112

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1. Fintwit sentiment. Economic sentiment on Twitter is at its highest since January 2020, per Goldman.

2. Gold prices. Gold prices dropped by the most in over 2 years.

3. Utilities positioning. Positioning in Utilities is in just the 2nd percentile.

4. HF risk exposure. "US Fundamental L/S Gross leverage rose +4.1 pts – the largest weekly increase in 9 months – to 201.1% (5-year high)."

5. SPX vs. CPI. "As long as inflation is pro-cyclical (demand-pull), stocks tend to perform well, as higher inflation is associated with stronger growth. When inflation is counter cyclical (cost-push), however, stocks suffer."