DC Lite #540

1. Pending home sales. "Pending sales of existing homes in the US fell in January to a record low as buyers remained unmotivated by lower mortgage rates and slower price increases."

2. AI-related imports. "US AI-related imports continue hitting new record highs of over $400B annualized in data released this morning, up 142% over the last year. Imports of the large computers used in data centers now approach nearly $300B/yr, with related parts & peripherals exceed $100B/yr".

3. Gold volatility. "Gold's 30-day volatility is at the highest level since 2008".

4. US vs. RoW. "Everyone knows that the US equity market is extremely expensive compared with global ex-US stocks. But, on an equally-weighted basis, the US equity market has derated over the past year versus its global peers. On a relative trailing basis, the cheapest it has been in a decade!"

5. Global semis sales. "Deloitte projects that AI chip sales will top $1 trillion by 2030."

ICYMI