- Daily Chartbook
- Posts
- DC Lite #356
DC Lite #356
"Funding spreads declined during the recent rally. This suggests macro investors trimmed their equity exposure on the recent strength"
Daily Chartbook
May 05, 2025
In partnership with
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.
1. Capital spending plans. "Business confidence in particular has collapsed in just the last two months... companies report already pulling back on their capital spending plans."
2. Polymarket vs. equity market. "Normally, I would be much more inclined to believe the latter given the depth of the capital at stake, but the chart suggests that betting odds have led stocks this year, not the other way around."
3. Main Street Meter. "The Main Street Meter has a strong inverse relationship with future stock market returns. It declined substantially since last year suggesting the bull market has gotten much ‘younger’ and this bull still has potential."
4. Funding spreads. "Funding spreads declined during the recent rally. This suggests macro investors trimmed their equity exposure on the recent strength."
5. Mag 7 vs. SPX. "The Mag-7’s forward revenues and forward earnings share both are at new record highs of 11.8% and 22.6%."
Sponsored content:
You’ve never experienced business news like this
Morning Brew delivers business news the way busy professionals want it — quick, clear, and written like a human.
No jargon. No endless paragraphs. Just the day’s most important stories, with a dash of personality that makes them surprisingly fun to read.
No matter your industry, Morning Brew’s daily email keeps you up to speed on the news shaping your career and life—in a way you’ll actually enjoy.
Best part? It’s 100% free. Sign up in 15 seconds, and if you end up missing the long, drawn-out articles of traditional business media, you can always go back.
Reply