DC Lite #285

In partnership with

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. Rental affordability. The income required to afford the median asking rent for a US apartment is $63,680, the lowest since early 2022. However, that's still 16% higher than the estimated median income for renters.

2. Recession probability. "Economists now see a 22% likelihood of a US recession occurring in the next 12 months, the lowest probability since January 2022."

3. Stocks/yields vs. cutting cycles. "US equity performance looks in line with historical nonrecessionary cutting cycles ... while rising yields look more unusual relative to historical nonrecessionary cutting cycles."

4. ETF flows vs. Election Day. "ETF flows since Election Day… what stands out? Growth + Crypto on one end, long duration + International exposures on the other."

5. AI vs. Internet. “The most correlated one-year period with the last year for the S&P 500 ETF $SPY was the one-year stretch from July 1995 to July 1996; the early days of the burgeoning Internet boom. The Netscape web browser was released in October 1994 followed by Windows 95 in July 1995.”