DC Lite #77

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1. Supply chain stress. "Supply chain stress (a la 2021/2022) has not reappeared...most-watched metrics rolled back over as of last week."

2. PCE (II). Supercore PCE jumped by 0.6% MoM, the largest increase since March 2022.

3. Retail investor sentiment. Bullish sentiment ticked up while bearish sentiment declined over the past week. Each has been above/below its respective historical average for 17 consecutive weeks.

4. Active managers vs. US equities. The NAAIM Exposure Index rose to 89 from 75.

5. Bull market behavior (I). "After the S&P 500 gained in both January and February the rest of the year was higher an amazing 27 out of 28 times! The final 10 months were higher 26 out of 28 times, with the returns in both cases much better than the average returns."