DC Lite #123

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1. Home prices. The median US home sale price hit a record high in April at $433,558.

2. Consumer strength. "No signs of consumer cracks. Lower-income spending has outpaced higher-income spending on Y/Y basis since 2023, even excluding necessities. This is consistent w/strength in blue-collar wage growth since start of pandemic."

3. Utility fund flows. Utilities saw the largest inflow since November 2022.

4. Q1 profits. "Both net income and sales grew in most sectors in the first quarter. As a result, profit margins did, too."

5. Finfluencer following vs. skill. “Follower count is negatively related to users’ probability of being skilled.”