DC Lite #62

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

As a reminder, now is your time to upgrade and lock in a 10% discount for life!

Offer ends Friday; discount applies to annual plans only.

ICYMI: Monday’s premium newsletter is unlocked and can be viewed here.

ICYMI 2: The Consumer Snapshot published Monday was the first in a series of themed reports DC will be sending regularly to paid subscribers only moving forward.

1. Used Vehicle Value Index. "Used-vehicle prices were unchanged in January compared to December, down 9.2% from a year ago."

2. Gold ETF flows. "Global net putflows totalled US$2.8bn (~51 tonnes) in [January], marking the 8th consecutive month of outflows.  As a result, total AUM fell to US$210bn (-2% m/m)."

3. Institutional investors (I). "The State Street Risk Appetite Index fell to -0.09 from 0.18, revealing a slight risk-off bias in January as institutional investors reevaluate the pace of rate cuts throughout 2024."

4. Risk-Love (I). BofA's Global Equity Risk-Love indicator has been in "euphoria" territory for 5 consecutive weeks.

5. Tech dominance. "Over the last 5 years, the Information Technology [sector] has risen more than 200%, 2x the return of the S&P 500 index. It goes even further than that, though. Tech’s dominance has been so extreme that every other sector has lagged the benchmark. 10 out of the 11 sectors are below ‘average’."

See: Grindstone Intelligence

Upgrade your subscription now and lock in a 10% discount for life: