DC Lite #183

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1. Investor home purchases. In Q2, "investors bought 1 of every 6 U.S. homes that sold—purchasing $43 billion worth of properties—and 1 of every 4 low-priced homes that sold."

2. Industrial production (II). The "drop in factory production was about auto output. Excluding autos, manufacturing output would have increased 0.3%, up 5% SAAR over the last three months."

3. Active managers vs. US equities. The NAAIM Exposure Index dropped to the lowest since January (56.5).

4. Short interest (I). "Average short interest for the entire S&P 500 index was 2.6% at the end of July, up from 2.2% a year earlier and matching a high for the year."

5. Profit per employee vs. margins. “As it has over the last three decades, this rise in profit per job during the last year is signaling a likely improvement in the S&P 500 profit margin in the coming year.”

See: Paulsen Perspectives