DC Lite #71

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1. Architecture Billings Index. Continued weakness in the Architecture Billings Index suggests a slowdown in commercial real estate investments in 2024.

2. Household balance sheets. "All income brackets are less leveraged relative to history."

3. Short interest (I). "Short interest for the typical stock remains low vs. history."

4. Sector relative rotation. Comm. Svcs., Tech, Real Estate, and Financials are showing positive relative trends and positive relative momentum.

5. NVDA vs. SPX. And finally, “Nvidia’s stock has risen more than 2% on 29 days over the last 6 months; on 25 of those days — or 86% of the time — the S&P 500 has also risen.”