DC Lite #194

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1. Personal savings. The personal saving rate fell to 2.9% (prev. 3.1%), the lowest since June 2022.

2. US sector fund flows. "By sector, investors shed consumer staples, healthcare and utilities sector funds of a notable $528 million, $337 million and $208 million, respectively. The financials sector, meanwhile, gained a third weekly inflow, worth about $783 million."

3. REIT flows. REITs have seen 5 consecutive weeks of inflows (longest streak since March 2022) including +$0.8bn this past week, the most in 5 months.

4. Election year equity flows. YTD flows into equities are outpacing 4 out of the last 5 election years.

5. Dow seasonality. "The recent string of outperformance of the Dow Jones Industrial Average could become the norm if seasonality has its way."