DC Lite #152

5 of Monday's best charts and insights

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1. Home price expectations. "Households have record-high expectations for how much home prices will be going up over the coming five years ... extreme bullishness about home prices and stock prices makes the economy more vulnerable if asset price inflation stops or reverses."

2. Consensus GDP forecast. "For the first time in a year, we have seen a markdown to consensus GDP forecasts for 2024."

3. Bitcoin vs. short-term traders. "Whenever short-term traders (< 155 days) are realizing losses within the context of a bull market, that has historically been a great time to be buying Bitcoin."

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4. Q2 earnings outlook. "Consensus expects +9% EPS growth in 2Q, setting the highest bar since 2021."

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5. Earnings breadth. “While the breadth of the stock market's price rally has been narrowing, the percent of the S&P 500 companies with positive three-month percent changes in their forward earnings has been increasing.”

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