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- "The bulls have regained the lead. Just barely."
"The bulls have regained the lead. Just barely."
DC Lite #706
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.
1. CEO Confidence. "CEO confidence declined in 4Q26, falling 6 points to 46 to its lowest level since 2Q25 ... the drop in optimism likely reflects rising geopolitical tensions and higher oil prices"
2. Tech credit spreads. "Rates for bonds linked to the tech sector have meaningfully diverged from the broader universe of corporate issuance, beginning roughly in September of '25, when capex borrowing began to take off."
3. SOXL flows. Traders have bought the recent dip in semis aggressively. Bottom panel shows rolling weekly flows into Direxion’s triple-levered semis ETF through Thursday.
4. Bullish vs. bearish trend counts. "The number of stocks meeting all four of my bullish trend conditions has moved back above the number meeting none. The bulls have regained the lead. Just barely."
5. Mag 7 vs. Other 493. Looking ahead to Q4, analysts anticipate the Other 493 will outpace the Mag 7 in earnings growth for the first time since Q4'22.
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