DC Lite #349

1. China-US containers. "After a recent jump, container-ships sailing from China to the U.S. are showing signs of a sharp drop."

2. Capital goods orders. Orders for non-defense capital goods excluding aircrafts—a proxy for business investment—rose just 0.1% MoM in March (vs. 0.2% est, -0.3% prev).

3. Chinese Yuan. "The US spent this week negotiating with itself on China tariffs, calling them unsustainable & saying they'll come down. Meanwhile, China holds the Yuan steady, portraying itself as stable and predictable. China exploits erratic US policy to the max. It's winning the trade war."

4. Retail Capitulation Index. Vanda's capitulation index suggests "we're still about three-fourths of the way to a full-blown capitulation."

5. SuperZweig. "Forget the Zweig breadth thrust - the NYSE just triggered a SuperZweig. Both extremes were significantly further than the thresholds of the original signal. The S&P 500 returned more than +20% the year following every prior thrust. Talk about a bear killer."

ICYMI