DC Lite #408

"The current earnings reporting season is already starting to show an upward hook, as results are beating expectations"

Author

Daily Chartbook
July 28, 2025

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

1. Crypto asset flows. "Digital asset investment products saw US$1.9bn in inflows last week, bringing month-to-date inflows to a record US$11.2bn. Ethereum attracted US$1.59bn in inflows, its second-largest week ever, with YTD flows surpassing 2024 totals."

2. Options positioning. Unlike the mania in 2021, there has not been a surge in the % of large stocks with inverted call skew, which suggests speculative behavior remains relatively isolated.

3. Hedge funds vs. Tech. "The Prime book is now under-weight Info Tech vs. the MSCI World Index by -11.2%, which ranks in the 3rd percentile vs. the past year and in the 1st percentile vs. the past five years."

4. Magnificent 7 ATHs. "It took 159 days but the Mag 7 recouped its losses since December and closed at a new all-time high today."

5. SPX earnings hook. "The current earnings reporting season is already starting to show an upward hook, as results are beating expectations."

ICYMI

DC Lite #407

"We may be moving towards later innings of the short covering given the magnitude of these moves"

www.dailychartbook.com/p/dc-lite-407

DC Lite #406

"Big moves in individual stocks are happening at a historically high rate"

www.dailychartbook.com/p/dc-lite-406

DC Lite #405

"Japan won’t need to purchase as many Treasuries and other foreign bonds and stocks over the longer term after its trade deal with the US"

www.dailychartbook.com/p/dc-lite-405

DC Lite #404

"There has never been a day with a smaller gain and better breadth"

www.dailychartbook.com/p/dc-lite-404

DC Lite #403

"S&P 500 earnings sentiment has been very strong over the past month"

www.dailychartbook.com/p/dc-lite-403

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