DC Lite #524

1. Case-Shiller Home Prices. "The National index increased 0.40% month-over-month (MoM). This is the 4th consecutive month with a MoM increase seasonally adjusted that followed 5 consecutive months with a MoM decline."

2. Consumer Confidence. "Confidence declined in January to the lowest level in more than a decade ... A measure of expectations for the next six months fell in January to the lowest since April, while a gauge of present conditions dropped to the lowest in nearly five years."

3. DXY vs. ex-US. "The window of opportunity for global stocks just opened even wider … it is working on breaking down from an uptrend nearly two decades in the making. It has been weak for a while, but a breakdown here would mark a true change in character."

4. Gold vs. QQQ. "Gold has beaten the Nasdaq 100 by +60 percentage points over the last year. The only other times it has done this were in 7/2006 (mid-2000s commodities super cycle) and 10/2008 (Financial Crisis). Over the next year, $GLD went on to lag $QQQ by an average of 28 points."

5. Global sector flows. "Last week brought a continued surge of inflows into cyclical sector funds. Inflows into Materials ($6.5bn) jumped to a new record, beating the one posted just the previous week. Industrials ($3.0bn), Financials ($2.9bn) and Energy ($1.7bn) also saw continued strong inflows."

ICYMI