DC Lite #174

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1. Bankruptcy filings. "Chapter 11 filings reach highest level in more than a decade."

2. Unemployment rate. The unemployment rate rose to 4.3% (highest October 2021), triggering the Sahm recession rule…

3. Fed funds rate probabilities. …which sparked a dramatic shift in the target fed funds rate probabilities for the upcoming 4 FOMC meetings.

4. Systematic positioning. "Our Systematic Positioning index, which tracks Vol Control, CTA, and Risk Parity strategies, just crashed to the lowest level since late 2023."

5. S&P 500 pullback. "The S&P 500 is down 5.6% from its peak on July 16, the 2nd pullback of the year. This is the 29th correction >5% off of a high since the March 2009 low. They all seemed like the end of the world at the time."