DC Lite #4
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1. Supply chain pressure. "NY Fed's Global Supply Chain Pressure Index fell in October" to a record low.
See: TKer by Sam Ro
2. SLOOS. The Fed's latest loan officers’ survey points to improving C&I lending standards and loan demand.
See: The Weekly S&P500 #ChartStorm, Topdown Charts
3. Crypto flows. Inflows to digital asset investment products over the last 6 weeks ($767mn) surpass all of 2022's inflows ($736mn).
4. CTAs vs. global equities. "The current equity short is $134.1B, the largest short position since November 2018."
5. Bear market rally? "Until [earnings revisions breadth and performance breadth] reverse in a durable manner, we find it difficult to get more excited about a year end rally at the index level."
