DC Lite #393

"The sectors that should be leading are leading, and the ones that usually lag are lagging"

Author

Daily Chartbook
July 07, 2025

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

1. USD positioning. Positioning in the US dollar remains at bearish extremes.

2. Crypto asset flows. "Digital asset products saw US$1.03bn in weekly inflows, pushing AuM to a record US$188bn and marking the 12th straight week of inflows … Ethereum continues to outperform proportionally, averaging 1.6% of AuM in weekly inflows over 11 weeks, compared to Bitcoin’s 0.8%."

3. Equity positioning. "New ATHs this past week yet equity positioning is just now approaching neutral & still well below the February highs; the upside complacency has continued the entire way up."

4. Small cap flows. "Despite the rebound in the index, flows are still negative for small cap ETFs, which isn’t all too surprising given the lack of leadership off the lows."

5. Sector relative performance. "Aside from Financials (which is still holding up pretty well), we’re seeing a textbook bull market setup: the sectors that should be leading are leading, and the ones that usually lag are lagging."

ICYMI

DC Lite #392

"When the most important stocks in the market are breaking out as a group, that’s a powerful message"

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DC Lite #391

"Historically, July has been the best month of the year for silver"

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DC Lite #390

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DC Lite #389

"More than half the world made new highs last week – the best reading in over a decade"

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