Note: this is a travel day, and posts will be brief.
j 1. The seasonal bottom (happened on March 4th for Altos) ✅
2. Inventory up year-over-year (happened on May 13th for Altos) ✅
3. Inventory up compared to two years ago (currently down 3.7% according to Altos)
4. Inventory up compared to 2019 (currently down 42.7%).