2/ Over the last 50 trading sessions, investors have grown increasingly bullish on the market
This optimism has reached levels of complacency similar to December 2021
Just months before the market began a 25% drop pic.twitter.com/HvhkblDRMP
— Game of Trades (@GameofTrades_) June 20, 2024
4/ When many investors are bullish, smart money gets defensive, scaling back their exposure
Conversely, when investors are pessimistic, smart money sees discount buying opportunities pic.twitter.com/6d0YP4ponI
— Game of Trades (@GameofTrades_) June 20, 2024
The bears have literally given up.
Short interest has completely plummeted.
Not the best news if you’re a bull ironically. Harder to squeeze things higher.
When everyone is all in long there’s no buyers left. If bad news hits it could hurt. pic.twitter.com/aqsNFAM7Ak
— QE Infinity (@StealthQE4) June 21, 2024
BREAKING: Bloomberg’s US economic surprise index has plummeted to its lowest level since March 2019.
The economic surprise index measures economic data coming in above or below consensus estimates.
The index dropped below -40, as most of this year's data has been below… pic.twitter.com/folGsQ0TL4
— The Kobeissi Letter (@KobeissiLetter) June 21, 2024
Another bad sign for US economy: housing permits/starts have crashed. Multifamily most. Developers know renters have no money and it's getting worse not better. Banks pulling funding. It's a real mess. pic.twitter.com/JZL1Hjf4Gv
— Jeffrey P. Snider (@JeffSnider_EDU) June 21, 2024
JPY through the at the close lows with the recent moves. pic.twitter.com/nRz751HYkK
— Bob Elliott (@BobEUnlimited) June 21, 2024
I honestly don't know how most families are getting by if these numbers are accurate. pic.twitter.com/VvDgeBt6vq
— Wall Street Silver (@WallStreetSilv) June 21, 2024
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