History is repeating… Investors are piling into calls; Equity risk premium getting smoked
Spread between S&P 500's forward earnings yield and 10y U.S. Treasury yield has fallen to lowest since mid-2007 pic.twitter.com/n3yxB1MylX — Liz Ann Sonders (@LizAnnSonders) June 8, 2023 Investors are piling into calls Intraday put/call ratio reached levels not seen since …