DC Lite #117

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.

As a reminder: Daily Chartbook will be on vacation from May 1 to May 10, during which no newsletters will be published. DC Lite will resume on Monday, May 13.

1. PMI prices vs. CPI. "Rising energy prices combined with the ongoing rebound in the manufacturing sector increase the likelihood that we could see an increase in goods inflation over the coming months."

2. Copper vs. PMI prices. The recent surge in copper supports an increase in manufacturing prices ahead.

3. Global sector fund flows. "Across sectors, Tech ($0.7bn) received inflows for a second week in a row, while Industrials ($0.4bn) have now seen inflows each week in the last 2 months."

4. HFs vs. Tech (I). "Info Tech saw the largest notional net buying since Dec ’22."

5. Factor valuations. "Investors are currently assigning an unusually large valuation premium to stocks with 'quality' attributes."