"Like oil, copper — another proxy for global growth trends — has been faltering." John Authers

"Crypto investors are more confident in making investment decisions than non-crypto investors." Morningstar, Inc. via (((The Daily Shot)))

"Inbound Los Angeles empty container volumes are up 70% y/y ... The implication is that demand is outpacing the supply of available containers both on the west coast and overseas." Zach Strickland FreightWaves

"Citigroup Inc.’s traders are betting on three half-point interest-rate cuts from the Federal Reserve this year." Bloomberg Markets

"Since the pandemic, Wall Street strategists have repeatedly underestimated the performance of the US stock market in their annual projections, leading to a mad dash to boost their outlooks in the back end of the year." Jonathan Levin

"As the Fed starts cutting and the election enters the rearview, increased certainty should improve the hiring environment (or prevent further deterioration)." Eric Wallerstein

"This chart ... shows the amount of easing, in basis points, that was priced in by the market at the beginning of each easing since 1990. This one sticks out like a sore thumb." SocGen via John Authers

$XLK back below 200sma

Gasoline futures lowest since February 2021

According to Google search trends, ChatGPT is at peak popularity in the U.S.

"The original 'excitement' about chat-GPT is fading in terms of monthly users." - GS Oppenheimer via zerohedge

"Homes are spending more time on the market compared with last year, but less than pre-pandemic levels." Realtor.com

Dividend changes have remained pretty consistent in 2024 with what we've seen over the past few years, do you expect any changes going into Q4? #dividends #investing #stockmarket #trading

"The South and West are closest to bridging the inventory gap." Realtor.com

"The number of homes for sale continues to accumulate, but it is still not back to pre-pandemic norms." Realtor.com

5 of Thursday's best charts and insights: dailychartbook.com/p/dc-lite-197

Insurance $KIE just overtook Semis $SMH YTD

"Global oil markets face a surplus of more than 1 million barrels a day in the first quarter because demand growth is more than satisfied by a tide of new production from the US, Guyana and Brazil." Bloomberg

"Retail investors dumped Japanese stocks for a fourth consecutive week, the longest losing streak in three months." Yasutaka Tamura｜田村康剛

"Total card spending per household was up 2.8% y/y in week ending Aug 31 ... Within sectors, furniture saw the biggest increase since last week, while entertainment showed the largest decline." - BofA Mishra