DC Lite #230

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1. Crypto asset flows. "Digital asset inflows reached US$901m last week, pushing year-to-date inflows to US$27bn, nearly triple the 2021 record."

2. SPX put vs. call skew. The recent divergence in put skew vs. call skew suggests a hedging bias against downside risks.

3. Vol control funds vs. SPX. "Vol control funds should be very active buyers over the next two weeks as longer-term realized volatility declines. These will be purely structural flows that should foster a supportive backdrop for the equities market, with essentially zero ties to any fundamental analysis."

4. Seasonality. "The best six months of the year are right around the corner."

5. Six-week streaks. "At the end of six consecutive up weeks, the following week and one month later, there is normally more downside action."

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