DC Lite #82

Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights. Upgrade to get all 30 charts.

ICYMI: Monday’s Housing Snapshot was the second in a series of themed reports DC will be publishing regularly for paid subscribers moving forward. Check it out here:

1. Consumer credit change. Total consumer credit (green) jumped by $19.49bn in January (vs. $9.25bn est). Revolving (red) and non-revolving (orange) credit rose by $8.4bn and $11.1bn, respectively.

2. Used car prices. The Manheim Used Vehicle Value Index fell 0.1% MoM in February to -13.1% YoY, but the last week of the month saw "some of the strongest weekly gains in wholesale prices for many years."

3. Retail investor sentiment. AAII bullish sentiment improved to the highest (51.7%) since December 20…

4. Institutional investor risk appetite. "The State Street Risk Appetite Index rebounded to 0.18 from -0.09 revealing an improvement in risk bias across the month of February."

5. Mid- vs. large-cap valuations. "The multiple for the S&P 400 (mid-caps) relative to the S&P 500 is at its lowest level on record."