DC Lite #115

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1. Stagflation? "smh".

2. Jobless claims. Both initial and continuing claims fell unexpectedly, pointing to continued tightness in the labor market.

3. Retail investor sentiment. The AAII Bull-Bear Spread dropped into negative territory for the first time since early November.

4. Small-cap bull markets. "Of all 13 bull markets since WWII, this is the worst 18-month performance for the small-cap cohort."

See: Paulsen Perspectives

5. Post-losing streak returns. Last Friday marked the 6th consecutive down day for the $SPX.  In the last 20 years, the index has been down for at least 6 days in a row 15 other times. Stocks were up 6 months later 87% of the time (+10.4% median return). They were up 12 months later every time (+17.9%).