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DC Lite #52
5 of Tuesday's best charts and insights
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights. Upgrade to get all 30 charts.
1. Birth rates. "The decline in birth rates is strikingly broad."
2. Financial conditions vs. liquidity. "Our GLI liquidity index leads Goldman FCI by around 6m. Both point to further easing in monetary conditions."
See: Capital Wars
3. Commodities vs. Big Tech. The ratio of the Nasdaq-100 to the Bloomberg Commodity Spot Index is at its highest since the Dotcom bubble.
4. US ETF flows. "Over past week, U.S. large-cap equity ETFs’ outflows reached nearly $3 billion; investors pulled money out of small caps as well and shifted into bonds (investment grade took in most at nearly $1.7 billion)."
5. Post-ATH performance. "If you picked any random day a new high was made, the future returns aren’t too far away from average returns. A year later up 7.4% on average and up about 71% of the time isn’t spectacular, but it sure isn’t bearish either."
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