DC Lite #368

"Ultra Bond futures (UB) fall to lowest level since Nov. 2023"

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Daily Chartbook
May 21, 2025

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Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.

1. Treasuries sentiment. "Ultra Bond futures (UB) fall to lowest level since Nov. 2023."

2. Yields vs. stocks. Here's how higher rates could impact stocks, per Piper Sandler.

3. Short interest. "A big uplift in short positions on stocks has driven hedge fund gross leverage — borrowing cash to boost returns — to a record high ... and for the first time since 2021, short interest in the median S&P 500 stands above the long-term historical average."

4. MACD. The S&P 500's MACD indicator recently swung from the second-lowest level ever to its highest reading ever in record time.

5. Earnings revisions. The "Citi U.S. Earnings Revision Index has flipped positive over past two weeks … follows 20 consecutive weekly declines."

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DC Lite #367

"If this turned out to be a bear market rally, it would rank as the fourth largest on record"

www.dailychartbook.com/p/dc-lite-367

DC Lite #366

"Retail traders went on a record dip buying spree Monday"

www.dailychartbook.com/p/dc-lite-366

DC Lite #365

Moody’s downgraded the US’ last remaining Aaa credit rating by one notch to Aa1

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DC Lite #364

"The P/E premium vs the overall market for a basket of 48 AI-related stocks is back down at levels last seen in 2017"

www.dailychartbook.com/p/dc-lite-364

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