DC Lite #470

"Today, the US government shutdown officially became the second-longest in history"

Author

Daily Chartbook
October 23, 2025

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

1. Shutdown. "Today, the US government shutdown officially became the second-longest in history, surpassing the 1995-96 lapse."

2. Bankruptcy filings. "The cockroach hunt began in earnest last week ... But the hunters might be disappointed ... Bankruptcy filings in the US — one of the most leading hard-data points for credit — are turning down quite sharply, notwithstanding the few high-profile events".

3. CPI-day cheat sheet. "A print that’s either in-line or cooler than estimated will likely push the S&P 500 higher by as much as 1.5% ... a hot report in which core inflation climbs by more than 0.4% from August could trigger a drop of as much as 2.3% or so."

4. Oil vs. sanctions. "Quick reminder that NO past round of Russia sanctions led to a sustained spike in oil prices, even with OPEC+ production cuts. The latest US sanctions won't either. Best example is the huge wave of shadow fleet sanctions by Biden in Jan. '25 (green)."

5. SPX seasonality. "If you are a believer in seasonality, (we are, but not blindly), then [today] is historically the best day to own $SPX for the next 3-months."

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ICYMI

DC Lite #469

"This is what we generally want to see in the later stages of a cyclical bull market"

www.dailychartbook.com/p/dc-lite-469

DC Lite #468

"Pay attention to what consumers and executives do, not just what they say"

www.dailychartbook.com/p/dc-lite-468

DC Lite #467

"Contrary to widespread fears about the economic outlook, key credit indicators are turning more bullish"

www.dailychartbook.com/p/dc-lite-467

DC Lite #466

"Almost the entire increase in the gold share of reserves since 2009 is a function of the rising market price of gold itself"

www.dailychartbook.com/p/dc-lite-466

DC Lite #465

"Every major asset class is in the green so far this year, the first time we've seen that since 2019"

www.dailychartbook.com/p/dc-lite-465

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