% bullish (lower pane) is making a double top on the right shoulder, deja vu of the left shoulder. Note the correlation between Bitcoins and Internet stocks. pic.twitter.com/LPcMqilKR5
— Mac10 (@SuburbanDrone) December 21, 2023
S&P 500: The odds in my analysis favor that the intermediate top is in or very near. The recent euphoria is not isolated and everyone is in the pool, from retail participants to active fund managers.
The NAAIM Exposure Index which measures the US equity exposure of active fund… pic.twitter.com/zLLLCwU1zy
— tom 🖍 (@tomthetrader1) December 21, 2023
Active managers are increasingly leaning on the benchmark, which suggests waning conviction.
via BofA Savita pic.twitter.com/18ecDzymy8
— Daily Chartbook (@dailychartbook) December 21, 2023
Dealer Net Delta Exposure Hits All-Time High: Option Dealers Net Delta Exposure on the S&P 500 hit $10.8 billion, the highest amount in history. pic.twitter.com/wk4XZRgpSy
— Win Smart, CFA (@WinfieldSmart) December 21, 2023
VIX is again up 2.25%, somebody is finally buying cheap hedges 👀
— The Macro Guy (@SagarSinghSetia) December 21, 2023
Leading Economic Index (LEI) from @Conferenceboard fell 0.5% month/month in November … year/year % change improved marginally but is still deeply negative at -7.6% pic.twitter.com/GXbN3gYSbA
— Liz Ann Sonders (@LizAnnSonders) December 21, 2023