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DC Lite #25
5 of the day's best charts and insights
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights. Upgrade to get all 30 charts.
1. NFP (I). The US added 199k jobs in November, more than October's 150k and above expectations of 180k, but the overall trend signals a continued slowdown in the labor market.
2. Fed vs. NFP. "Outside of the Covid pandemic, the last two instances where the Fed pivoted on policy -- in 2007 to 2008 and in 2001 to 2003 -- coincided with the beginning of at least a year of negative payrolls prints."
3. NBER indicators. Indicators used to determine whether the economy is in a recession strongly suggest the economy is not in a recession.
4. Retail vs. options market. Retail investors' use of options is approaching YTD highs.
5. SPX 52-week highs. The S&P 500 closed at its highest since March 2022.
Have a great weekend!
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