DrawText issue

#include <chrono>
#include <string>

#define WIN32_LEAN_AND_MEAN
#include <Windows.h>
#include <d3d9.h>
#include <d3dx9.h>
#pragma comment (lib, "d3d9.lib")
#pragma comment (lib, "d3dx9.lib")

using namespace std;
using namespace std::literals;

#define LOG(...) OutputDebugStringA(("MSG: <Test Program> "s + __FUNCTION__ + "(): "s + __VA_ARGS__ + "\n"s).c_str());

LPDIRECT3D9 d3d;
LPDIRECT3DDEVICE9 d3ddev;
LPD3DXFONT d3dfont;

LRESULT CALLBACK WndProc(HWND, UINT, WPARAM, LPARAM);

void render_frame();

int APIENTRY wWinMain(
    HINSTANCE hInstance,
    HINSTANCE hPrevInstance,
    LPWSTR     lpCmdLine,
    int         nCmdShow)
{
    UNREFERENCED_PARAMETER(hPrevInstance);
    UNREFERENCED_PARAMETER(lpCmdLine);

    WNDCLASSEXW wcex;
    wcex.cbSize = sizeof(wcex);
    wcex.style = CS_HREDRAW | CS_VREDRAW;
    wcex.lpfnWndProc = WndProc;
    wcex.cbClsExtra = 0;
    wcex.cbWndExtra = 0;
    wcex.hInstance = hInstance;
    wcex.hIcon = nullptr;
    wcex.hCursor = LoadCursor(nullptr, IDC_ARROW);
    wcex.hbrBackground = (HBRUSH)(COLOR_WINDOW + 1);
    wcex.lpszMenuName = nullptr;
    wcex.lpszClassName = L"DrawTextIssue";
    wcex.hIconSm = nullptr;
    RegisterClassExW(&wcex);

    auto window = CreateWindowW(
        L"DrawTextIssue",
        L"DrawTextIssue",
        WS_OVERLAPPEDWINDOW,
        CW_USEDEFAULT,
        0,
        800,
        600,
        nullptr,
        nullptr,
        hInstance,
        nullptr);

    if (!window)
        return FALSE;

    ShowWindow(window, nCmdShow);
    UpdateWindow(window);

    d3d = Direct3DCreate9(D3D_SDK_VERSION);

    D3DPRESENT_PARAMETERS d3dpp;
    ZeroMemory(&d3dpp, sizeof(d3dpp));
    d3dpp.Windowed = TRUE;
    d3dpp.SwapEffect = D3DSWAPEFFECT_DISCARD;
    d3dpp.hDeviceWindow = window;
    d3dpp.PresentationInterval = D3DPRESENT_INTERVAL_IMMEDIATE;

    d3d->CreateDevice(
        D3DADAPTER_DEFAULT,
        D3DDEVTYPE_HAL,
        window,
        D3DCREATE_HARDWARE_VERTEXPROCESSING,
        &d3dpp,
        &d3ddev);

    D3DXCreateFontW(
        d3ddev,
        20,
        0,
        FW_NORMAL,
        1,
        FALSE,
        DEFAULT_CHARSET,
        OUT_DEFAULT_PRECIS,
        ANTIALIASED_QUALITY,
        DEFAULT_PITCH | FF_DONTCARE,
        L"Source Code Pro",
        &d3dfont);

    MSG msg;
    while (1)
    {
        while (PeekMessage(&msg, nullptr, 0, 0, PM_REMOVE))
        {
            TranslateMessage(&msg);
            DispatchMessage(&msg);
        }

        if (msg.message == WM_QUIT)
            break;

        render_frame();
    }

    d3dfont->Release();
    d3ddev->Release();
    d3d->Release();

    return (int)msg.wParam;
}

LRESULT CALLBACK WndProc(HWND hWnd, UINT message, WPARAM wParam, LPARAM lParam)
{
    switch (message)
    {
    case WM_DESTROY:
        PostQuitMessage(0);
        break;
    default:
        return DefWindowProc(hWnd, message, wParam, lParam);
    }
    return 0;
}

void render_frame()
{
    LOG("Start of the function."s);

    static auto last = chrono::steady_clock::now();
    static int framesDrawn = 0;
    static auto refreshFPSAt = last + 1s;
    static wstring fps = L"0"s;
    framesDrawn++;

    LOG("Calling chrono::steady_clock::now()"s);
    auto now = chrono::steady_clock::now();
    if (now > refreshFPSAt)
    {
        refreshFPSAt = now + 1s;
        fps = to_wstring(framesDrawn);
        LOG("FPS: "s + to_string(framesDrawn));
        framesDrawn = 0;
    }

    auto secondsPassed = chrono::duration_cast<chrono::nanoseconds>(now - last).count() / 1000000000.0;
    last = now;
    static auto color = 255.0;
    color += secondsPassed * 127.0;
    color = fmod(color, 512.0);

    LOG("d3ddev->Clear()"s);
    d3ddev->Clear(0, nullptr, D3DCLEAR_TARGET, D3DCOLOR_XRGB(0, 0, static_cast<int>(color > 256.0 ? 512.0 - color : color)), 1.0f, 0);
    LOG("d3ddev->BeginScene()"s);
    d3ddev->BeginScene();

    RECT textRect{ 0, 0, 100, 100 };

    /*
     * Uncomment that stuff below to trigger the issue.
     */
    //LOG("d3dfont->DrawTextW()"s);
    //d3dfont->DrawTextW(
    //  nullptr,
    //  L"Hello",
    //  -1,
    //  &textRect,
    //  DT_LEFT | DT_TOP,
    //  D3DCOLOR_XRGB(255, 255, 255));

    LOG("d3ddev->EndScene()"s);
    d3ddev->EndScene();
    LOG("d3ddev->Present()"s);
    d3ddev->Present(nullptr, nullptr, nullptr, nullptr);

    //Sleep(500);

    LOG("End of the function."s);
}