1. Yields Hit One-Year High Before CPI/PPI Data

Fundstrat
2. Apple iPhone Slumps to Third Place in China

Vlad Savov for Bloomberg
3. Apple Correction -12%
Chart to watch with AAPL huge market weighting.

StockCharts
4. Home for Rent Stocks
From WSJ: Shares of single-family landlords Invitation Homes INVH ( 1.90% increase – green up pointing triangle) and American Homes 4 Rent (AMH 1.25% increase) are trading at 35% and 20% discounts to their net asset values, respectively, according to real-estate analytics firm Green Street. Invitation Homes’ stock has traded at a particularly large discount to NAV since interest rates began to rise in early 2022, but the gap has widened by 10 percentage points in the past year.
Put another way, while the average house in the metro areas where Invitation Homes owns its properties sells for $415,000 based on Green Street’s analysis of prevailing market values, the company’s share price implies that investors think $310,000 is more appropriate.
Invitation Homes

StockCharts
American Homes

StockCharts
5. UNG Natural Gas Fund +17% YTD

StockCharts
6. Biotech No Bounce
XBI -4% YTD….and -12% in last 6 months.

StockCharts
7. Mag 7 Pulls Away from Euro Granola Stocks
Europe gains have also been concentrated in one group of stocks.

MarketWatch
8. Share Total of U.S. Debt by Presidential Term

Jack Ablin, Cresset Capital
9. Iran Exports 90% of Oil to China

Financial Planning
10. Increased ChatGPT Use

Pew Research