DC Lite #83
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. Inflation expectations vs. Fed. "The strong uptrend in inflation expectations is forcing the Fed to be more hawkish."
2. Unemployment rate (II). "It is worth noting that the increase in unemployment can be traced to 16-24 year olds (volatile). Prime age UR was flat."
3. Gold ATHs vs. gold ETF flows. While the price of gold is hitting ATHs, the largest gold ETF has seen outflows of more than $4bn YTD.
4. Tech fund flows. Tech funds saw the largest outflow ever (-$4.4bn) and the first in 9 weeks.
5. % of SPX hitting new highs. "New highs faded into the market top in 2000. They are growing now."
