DC Lite #139

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1. Inflation perspective. "Normal people have a different way of looking at inflation compared to economists/central bankers."

2. Bitcoin vs. yields. "A 30-day correlation between Bitcoin and the US 10-year Treasury yield is at minus 53, one of the most negative readings … since 2010."

3. Risky vs. safe assets. The momentum of inflows into risky assets relative to safe assets has reversed sharply in recent weeks.

4. Household equity allocation. "Equity allocations are near record highs, and if recession odds begin to rise, investors rotating from equities to bonds will necessarily be selling more growth than value."

5. Double-baggers. "This is not the 1990s stock market. From 1995-1999, 108 stocks in the S&P 500 doubled. 39 in 1999 alone. From 2020 through today, 32 stocks gained 100% in a year, 12 of those coming in 2021."