DC Lite #61
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1. Supply chain vs. Red Sea. The "Red Sea crisis should have a limited impact on CPI."
2. Economic Surprise. The Citi Economic Surprise Index is at its highest since November.
3. Credit card debt vs. household deposits. "The % of credit card debt relative to money in the bank is near the lowest in 20 years."
4. Up moves vs. down moves. "On days when $SPX rallied so far in 2024, its average gain stood at 0.66%, compared with 0.45% on days when it fell. The ratio of the two, at 1.5, is the highest skew in favor of the bulls this far into a year since 1995."
5. Earnings revisions trends. "Earnings revision trends improved across the board over this past month but revision ratios are still below 1.0 (more cuts than raises to estimates) in all three size segments (and weakest in small caps)."
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