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The equal-weight S&P 500 is on track for its 7th consecutive weekly decline

DC Lite #694

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Daily Chartbook
September 30, 2026

Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.

1. Personal saving rate. "Major upward revisions to the personal saving rate, but still a disconcerting fall to a low level this year"

2. Q3 GDPNow. The Atlanta Fed's GDPNow model estimate for Q3 GDP growth dropped to 3.7% from 5.0% on Sep 25.

3. Single stock vol vs. correlation. The "gap between index-wide calm and single-stock chaos is nothing new for traders, but lately it's grown extreme, reaching the widest level since the height of the dot-com crash in 2000"

4. RSP streak. The equal-weight S&P 500 is on track for its 7th consecutive weekly decline. The only other time that's happened was in the middle of the 2022 bear market.

5. SPX Q4 setup. SPX "just had a +14% Q2 followed by a positive Q3. And how has Q4 been during every previous year with a similar setup?"

ICYMI

"If the 10-year yield rises to 6%, that suggests an equity P/E ratio of 16x"

DC Lite #693 | Labor market differential, asset performance vs. first hike, equity ETF flows, new lows absent in Tech and Financials, bond vs. equity valuations

Daily Chartbook

"About 40% of the top 100 stocks are trading with inverted call skew"

DC Lite #692 | High Yield Cumulative Advance-Decline Line, SPX hedging demand, US pension estimates, S&P 500 highs vs. lows, S&P 500 after midterm elections

Daily Chartbook

"Memory stocks currently trade at a 2-year forward P/E of 4x"

DC Lite #691 | Global oil stocks, US equities seasonality, Defensives relative underperformance, Memory stock valuations, forecasting AI is hard

Daily Chartbook

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