DC Lite #51

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1. CB Leading Index (I). The LEI remained negative for the 21st consecutive month (-0.1% vs. -0.3% est), but it was the smallest decline since March 2022.

2. Insiders. The Insider Transaction Ratio has moderated but remains in bearish territory.

3. 0DTE. "0dte options volumes have surged to a new high, averaging 1.8mn contracts over the past 5 days and 49% of total options volumes."

4. Q4 EPS revisions (II). "Earnings revisions breadth is positive for the Nasdaq, while it's negative for the S&P and the Russell 2000. That said, all three indices are seeing revisions breadth coalesce around 0."

5. Q4 EPS revisions (III). And finally, “earnings revision trends weakened across the board over the last three months and revision ratios are still below 1.0 (more cuts than raises to estimates) in all three size segments (and weakest in small caps).”