- Daily Chartbook
- Posts
- DC Lite #392
DC Lite #392
"When the most important stocks in the market are breaking out as a group, that’s a powerful message"
Daily Chartbook
July 03, 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. Unemployment rate. "Now this is a rare sight to see: The unemployment rate ticked up by almost a full point between 2023 and 2024 and has then steadied out. For the last year, it has been between 4% and 4.2%. On an unrounded basis, the unemployment rate declined to 4.12% in June from 4.24% in May."
2. Target rate probabilities. "After today's jobs report, markets are now pricing in two rate cuts in 2025 (year-end target range of 375-400 bps) as the most likely scenario."
3. Active managers vs. US equities. The NAAIM Exposure Index rose to the highest level in a year over the past week.
4. High-beta vs. Low-vol. High-beta stocks (SPHB) are at all-time highs relative to their low-volatility counterparts (SPLV), indicating a “risk-on” environment.
5. Bellwethers. "This breakout isn’t just about one sector. It’s a sign of confidence across the board. When the most important stocks in the market are breaking out as a group, that’s a powerful message."
Sponsored content:
Your career will thank you.
Over 4 million professionals start their day with Morning Brew—because business news doesn’t have to be boring.
Each daily email breaks down the biggest stories in business, tech, and finance with clarity, wit, and relevance—so you're not just informed, you're actually interested.
Whether you’re leading meetings or just trying to keep up, Morning Brew helps you talk the talk without digging through social media or jargon-packed articles. And odds are, it’s already sitting in your coworker’s inbox—so you’ll have plenty to chat about.
It’s 100% free and takes less than 15 seconds to sign up, so try it today and see how Morning Brew is transforming business media for the better.
Reply