DC Lite #167

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1. Stale inventory. "Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract. That’s up from 59.6% a year earlier, marking the biggest annual increase in a year, and the highest share of any June since 2020."

2. Investor Intelligence. The II Bull-Bear Spread is at its highest since November 2017.

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3. Diversification. The diversification provided by indices is at record lows.

4. Streak snapped. The streak of days without a 2% drop in the S&P 500 has ended after 356 sessions.

5. SPX beat rates. "S&P 500's earnings beat rate is still healthy at nearly 79%, but the revenue beat rate is currently at its lowest since the fourth quarter of 2016."