DC Lite #45

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1. Renewables. "The world added a historic 510 gigawatts of renewable power capacity in 2023, up 50% from a year before Under current policies & market trends, global renewable capacity is set to be 2.5 times higher by 2030, not far off the COP28 goal of tripling."

2. GDP components. "It is too early to argue that this is a soft landing because both the cyclical and non-cyclical components of GDP are likely to be solid over the coming months."

3. Contrarian indicator. "Global Equity Risk-Love, our contrarian sentiment indicator for equities, has moved from near-panic (25th percentile) in October to euphoria now."

4. IPO activity vs. SPX. "This interesting and novel indicator helped flag upside risk to stocks early last year — this one tracks the pace of IPO activity and you can see clear peaks and troughs mapping to the market cycle."

See: ,

5. Market leaders. "You can’t be bearish stocks if these groups are above their 2021 highs."

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