DC Lite #213

Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights. Upgrade to get all 30 charts.

1. Crypto asset flows. Crypto products saw inflows of $1.2bn last week driven almost entirely by demand for Bitcoin.

2. Stock-bond correlation. "If recent trends persist, further de-correlation between stocks and bonds could be on the horizon ... We found that after periods of declining stock-bond correlations, a 60/40 portfolio tends to outperform an all-equity portfolio on both an absolute and risk-adjusted basis."

3. HFs vs. China. Last week, “Chinese equities saw the largest weekly net buying on our book’s record, driven almost entirely by long buys.”

4. China policy vs. GDP. "Policies announced by the government so far could raise GDP by 40bp."

5. SPX thru Q3. "S&P 500 higher first 8 of 9 months (has never done all 9), then Q4 does even better. Up every single time (8 for 8), with an average gain of 6.6% vs average Q4 of 4.3%."