DC Lite #68

5 of Thursday's best charts and insights

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1. Home prices. "The median U.S. home-sale price rose 6.1% year over year during the four weeks ending February 11, the biggest increase since October 2022."

2. Retail sales (I). Retail sales plunged by 0.8% MoM in January (vs. -0.1% est), the sharpest drop since March 2023. Control-group sales (used to calculate GDP) fell 0.4%, the first decline in 11 months.

3. AI talk. "One for the bulls. one for the bears. feel free to use whichever one confirms your priors."

4. Yields vs stocks (I). "The direction of yields continues to matter more to equity valuations now than at any point over the last +2 decades."

5. US sector breadth. "A stock whose price is above a rising moving average cannot be in a downtrend. A stock whose price is below a falling moving average cannot be in an uptrend."

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