There’s “only one sector truly holding up in ADP job numbers now." 👀 @andreassteno.bsky.social @dailychartbook.bsky.social

‘The $ value of GLD calls-puts spiked.’ www.dailychartbook.com/p/769 via @dailychartbook.bsky.social

‘In the past 75 years, this economy-wide price-earnings multiple was only higher in the Y2K bubble.’ www.dailychartbook.com/p/769 via @dailychartbook.bsky.social

‘Only 55 of the Nasdaq 100 stocks are above their 100MA as of Sep. 29.’ www.dailychartbook.com/p/770 via @dailychartbook.bsky.social

“Nasdaq single stock vol relative to index vol is the highest on record.” www.dailychartbook.com/p/767 via @dailychartbook.bsky.social

So, the “corporate insider transaction ratio” is fun. 👀 @dailychartbook.bsky.social

5 of Monday's best charts and insights: www.dailychartbook.com/p/dc-lite-452

5 of Thursday's best charts and insights: www.dailychartbook.com/p/dc-lite-450

“The $ value of ALL call options - put options spiked to a new all-time high. This is concerning for stocks from a long term Risk/Reward perspective.” www.dailychartbook.com/p/764 via @dailychartbook.bsky.social

“While the narrative remains focused on the magnitude of further rate cuts, we remind readers that equites continue to be primarily driven by the volatility of rates rather than their level.” www.dailychartbook.com/p/765 via @dailychartbook.bsky.social

5 of Tuesday's best charts and insights: www.dailychartbook.com/p/dc-lite-448

“Gold equaled 9.9% of US disposable income per capita at its 1980 peak. Today it’s only 5.6%. To match that historical peak, gold would need to rise to about $6,600/oz.“ www.dailychartbook.com/p/763 via @dailychartbook.bsky.social

5 of Monday’s best charts and insights: www.dailychartbook.com/p/dc-lite-447

5 of Thursday's best charts and insights: www.dailychartbook.com/p/dc-lite-445

2. “.. That divergence was echoed in year-over-year spending growth in August, with household spending rising just 0.3% for the low-income group and 2.2% for higher-income households." @dailychartbook.bsky.social

“Buybacks (normalized by S&P 500 market cap) have been declining since the February peak.” www.dailychartbook.com/p/761 via @dailychartbook.bsky.social @mikezaccardi.bsky.social

“.. Building permits have contracted for 5 straight months ... that's the longest streak since the end of 2008 into the beginning of 2009." @dailychartbook.bsky.social

5 of Tuesday's best charts and insights: www.dailychartbook.com/p/dc-lite-438

5 of Monday's best charts and insights: www.dailychartbook.com/p/dc-lite-437

US stocks vs. rest of the world: worst underperformance since 2009. @mikezaccardi.bsky.social @dailychartbook.bsky.social

“Investors' allocations to equities are hovering around 55% of their portfolios, a record. Allocations to bonds and cash have fallen.” www.dailychartbook.com/p/753 via @dailychartbook.bsky.social

5 of Thursday's best charts and insights: www.dailychartbook.com/p/dc-lite-431

5 of Wednesday’s best charts and insights: www.dailychartbook.com/p/dc-lite-430

‘Dealers went into Friday's opex long ~$10bn of gamma across US equities (most on record).’ www.dailychartbook.com/p/741 via @dailychartbook.bsky.social

“The average Nasdaq single stock has outrealized the index by nearly 19v over the last month. That spread is one of the largest the Goldman floor has seen in the last 15+ years.” www.dailychartbook.com/p/741 via @dailychartbook.bsky.social

“We cannot remember the last time a major S&P 500 sector underperformed by 4 standard deviations, but that’s exactly what Health Care has just done.” www.dailychartbook.com/p/742 via @dailychartbook.bsky.social

‘The crowding is off the charts, largely because all sector implementations of momentum have outperformed this year.’ www.dailychartbook.com/p/742 via @dailychartbook.bsky.social

5 of Tuesday's best charts and insights: www.dailychartbook.com/p/dc-lite-429

5 of Wednesday's best charts and insights: www.dailychartbook.com/p/dc-lite-420

‘The quality factor is richly priced.’ www.dailychartbook.com/p/734 via @dailychartbook.bsky.social

‘Computer-guided traders haven’t been this bullish on stocks compared to their human counterparts since early 2020, before the depths of the Covid pandemic.’ www.dailychartbook.com/p/735 via @dailychartbook.bsky.social

“US Treasuries and small caps are pricing in a significantly higher risk of recession than large cap US stock and corporate bond markets.” www.dailychartbook.com/p/733 via @dailychartbook.bsky.social

5 of Thursday's best charts and insights: www.dailychartbook.com/p/dc-lite-416

“The systematic community has now purchased over $365bn of global equities over the last 75 trading days, and positioning had been getting closer to full.” www.dailychartbook.com/p/730 via @dailychartbook.bsky.social

5 of Wednesday's best charts and insights: www.dailychartbook.com/p/dc-lite-415

5 of Monday's best charts and insights: www.dailychartbook.com/p/dc-lite-413

5 of Friday’s best charts and insights: www.dailychartbook.com/p/dc-lite-397

"US household leverage (liabilities to net wealth) is the lowest in 50 years." JPMorgan via @mikezaccardi.bsky.social

5 of Wednesday's best charts and insights: www.dailychartbook.com/p/dc-lite-395

5 of Tuesday's best charts and insights: www.dailychartbook.com/p/dc-lite-394

5 of Thursday's best charts and insights: www.dailychartbook.com/p/dc-lite-392

5 of Wednesday’s best charts and insights: www.dailychartbook.com/p/dc-lite-391

5 of Monday's best charts and insights: www.dailychartbook.com/p/dc-lite-385

“Retail has gone full tilt, trading more aggressively than during the post-stimmy meme stonk euphoria. Pennystocks just hit a record 47.4% of total market volume.“ www.dailychartbook.com/p/702 via @dailychartbook.bsky.social

5 of Monday's best charts and insights: www.dailychartbook.com/p/dc-lite-385

“Breadth is not looking great. AI/tech/narrow driving the rally. Rates + small caps singing a different tune.” www.dailychartbook.com/p/698 via @dailychartbook.bsky.social

“As the stock market continues to grind higher, only 54% of S&P 500 stocks are above their 200 day moving averages. This is uncommon considering that the S&P 500 is within -2% of an all-time high!” www.dailychartbook.com/p/699 via @dailychartbook.bsky.social

“China continues to secretly buy 10x more gold (27 tonnes) than it reports (3 tonnes).” www.dailychartbook.com/p/701 via @dailychartbook.bsky.social

‘BofA private client allocation to equities is at the highest since April 2022.‘ www.dailychartbook.com/p/701 @dailychartbook.bsky.social