As retail investors flock to stocks with record inflows, yesterday 20 day skew hit a new all time high, as Wall Street quietly liquidates. pic.twitter.com/f5f9vfWUgy
— Mac10 (@SuburbanDrone) December 24, 2024
A big Christmas vol crusher to round-trip VIX back to the lows of last week as if the hawkish FOMC had never happened.
However, a clear three waves on the retracement.
It appears that next week will be the locus of stampede for the Ponzi exits. pic.twitter.com/er6Von0RUC
— Mac10 (@SuburbanDrone) December 24, 2024
Risk appetite is skyrocketing:
There are now a record 48 million options contracts traded per day, on average.
This volume has tripled over the last 7 years and has surpassed the 2023 record of 44 million.
Furthermore, 0DTE options now reflect ~50% of the total volume.… pic.twitter.com/opPuq5y5Fa
— The Kobeissi Letter (@KobeissiLetter) December 24, 2024
$NVDA Head and shoulder deez nuts. https://t.co/kp6gYDoyZD pic.twitter.com/xLBTjTBebW
— TT3 (@TradingThomas3) December 24, 2024
This is concerning:
The US industrial sector's capacity utilization rate dropped to 76.8% in November, the lowest since April 2021.
The percentage of production capacity being utilized has fallen for 32 straight months.
In the past, such a prolonged decline has only occurred… pic.twitter.com/ZTo03aT1r0
— The Kobeissi Letter (@KobeissiLetter) December 24, 2024
Today was a half day of trading but it was still the lowest SPY volume in 25 years including all half days.
What market historians will say about 2024 Year of Ponzi, is that getting in was easy. Getting out was impossible. pic.twitter.com/hjeAs2TKcS
— Mac10 (@SuburbanDrone) December 24, 2024
One measure of market manipulation using indexed futures – here we see the Apple / Russell 2000 ratio is more extreme than in August: pic.twitter.com/5XB8jPvUZ9
— Mac10 (@SuburbanDrone) December 24, 2024
US stock market valuations have now reached very frothy levels
Nasdaq 100’s PE ratio recently hit 30
These were levels we last saw during the Dot Com bubble in the late-1990s pic.twitter.com/28DlfDXraL
— Bravos Research (@bravosresearch) December 24, 2024
CTAs are projected to sell global stocks in EVERY SINGLE SCENARIO over the next week and up to $206 billion worth over the next month according to Goldman Sachs 🚨 pic.twitter.com/msdjaiB2yn
— Barchart (@Barchart) December 24, 2024