DC Lite #81

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.

ICYMI: Monday’s Housing Snapshot was the second in a series of themed reports DC will be publishing regularly for paid subscribers moving forward. Check it out here:

1. Consumer debt service. "US households are now paying roughly as much interest on other kinds of debt, from credit cards to student loans, as they are on their mortgages."

2. JOLTs (II). "Quits rate fell to the lowest level since August 2020."

3. Investor sentiment (I). "The latest data from Investors Intelligence shows the most optimism and the least pessimism since the summer of 2021."

See: Hi Mount Research

4. US vs. RoW. "Non-US stocks have underperformed the S&P 500 by more than 1 standard deviation over the last 12 months. We still favor US large caps. Calling a turn in non-US equities is difficult and rarely worth the effort."

5. Value discount. The Value discount is approaching pandemic levels.