TOPLEY’S TOP 10 June 17 2024

1. 10-Year Rate Drops 4.4% to 4.2%

More important on chart…Ten-Year yield makes two lower highs

2. Inflation 43% of CPI Basket Trending Down -Tom Lee

https://fundstrat.com

3. The Biggest Component of CPI has Moved Down for 14 Straight Months

4. Tech-Six Largest Stocks vs. Rest of S&P

www.chartr.com

5. S&P Cap Weight vs. Equal Weight Premium History

Market Ear Blog

https://themarketear.com/newsfeed

6. It is not just the S&P Equal Weight….Nasdaq Equal Weigh ETF QQQE +5.7% YTD

7. Speaking of Equal Weight…Transports Index Bad Chart

Dow Transports 50day thru 200day to downside….Lower Highs.

8. The US installed more solar in Q1 2024 than it did in all of 2018

Michelle Lewis-Electrek Blog In Q1 2024, the US saw the largest quarter of solar manufacturing growth in its history, bringing its total installed capacity to 200 GW.
A record-setting 11.8 gigawatts (GW) of new solar panel manufacturing capacity came online in the US during Q1 2024, making up 75% of all new electricity-generating capacity added to the US grid in that period.
According to the US Solar Market Insight Q2 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, total US solar panel manufacturing capacity increased to 26.6 GW in Q1 2024 compared to 15.6 GW in Q4 2023. Once this capacity fully ramps up, it will be enough to supply about 70% of US demand.
The report also contains new data showing that the US added over 40 GW of new solar capacity in 2023 – more than initially reported. Wood Mackenzie now projects that the US solar industry will install another 40 GW in 2024. https://electrek.co/2024/06/05/us-solar-q1-2024/