DC Lite #160

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1. Crypto asset flows. Bitcoin saw the 5th largest weekly inflows ever (+$1.35bn). YTD inflows to crypto assets total a record $17.8bn.

2. Nasdaq futures positioning. "Net long positions in Nasdaq futures are below average (39%ile). This suggests that the real positioning is not in Nasdaq, but in the single-name giants."

See: Yes, I give a fig... thoughts on markets from Michael Green

3. IWM fund flows. Last week's inflow to IWM was the largest since December.

4. SPX vs. estimates (I). "In every single quarter since 2006, no less than 60% of S&P 500 companies have reported quarterly earnings per share (EPS) that beat analysts’ expectations."

See: TKer by Sam Ro

5. Earnings vs. inflation. “Bears argue that disinflation is a growing headwind to earnings, as earnings are nominal and higher inflation drives stronger earnings growth. However, there is no statistical evidence that supports it.”