DC Lite #28
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. Rent prices. "The median U.S. asking rent declined 2.1% year over year in November to $1,967—the biggest annual drop since February 2020—and fell 0.6% from October."
2. Financial conditions. "US financial conditions are the most accommodative they've been since the Fed started hiking rates last year, according to the Bloomberg US Financial Conditions index."
3. GDP roundtrip. "Coming into 2023, many economists were convinced the U.S. was on the brink of entering a recession…[now] GDP growth is looking a lot like what economists once forecasted two years ago."
See: TKer by Sam Ro
4. Tech ETF flows. XLK inflows of $1.37bn over the past week are the highest weekly total in over 5 years.
5. DJIA ATHs. The Dow Jones Industrial Average closed at new all-time highs.
Thanks for reading!