- Daily Chartbook
- Posts
- DC Lite #94
DC Lite #94
5 of Tuesday's best charts and insights
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.
Administrative note: As a reminder, DCL will not be published on Friday, March 29.
1. FHFA House Price Index. The index declined for the first time since August 2022, falling by 0.1% MoM in January to 6.3% YoY (prev. 6.7%).
2. US 2-year vs. commodities. "US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil."
3. Client flows. "Excluding corporate clients - where flows are always positive - clients were net sellers of US equities last week - private clients for the 7th consecutive week, hedge funds for the third, and institutional clients for the first time in six weeks."
4. 100-day rally. "Cycling from a 100-day change of < -15% to > +25% has occurred only at some of the most significant inflection points in 60 years. It's also been exceptionally broad, with more than 10 days of more than 80% Up Volume. Similar rallies led to 6-month gains every time."
5. Five-month win streaks. "The S&P 500 is about to be up 5 months in a row. Strong future returns after these streaks are actually quite normal. Higher a year later 26 out of 28 times (92.9%) and up 12.5% on avg."
Reply