DC Lite #138

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1. CRE prices. "US commercial real estate prices ... are down 21% from their peak 2022 levels."

2. Stock price expectations. Consumer expectations for higher stock prices are at the highest in 3 years.

3. HFs vs. oil. "Hedge Funds have the lowest Oil positioning ever."

4. Dispersion vs. volatility. "The implied dispersion of stocks within the S&P over the next 30 days is at its highest since data began in 2014 compared with the VIX."

5. Cash flow vs. sales. "S&P 500 companies have been generating more cash flow over the past 3 decades, justifying higher valuations."

See: TKer by Sam Ro