Speculative positioning in US equity index futures is at all-time highs 🚨 https://t.co/TanGdixabv pic.twitter.com/VUXve06IL3
— Markets & Mayhem (@Mayhem4Markets) July 8, 2024
Asset Managers’ exposure to US equity futures hits a record high.
Total Put/Call Ratio drops to 0.58, the lowest level since August 2015 🚨 pic.twitter.com/yDatuApcK3
— Barchart (@Barchart) July 9, 2024
Concentration concern: the 3-month correlation between the S&P 500 and the # of stocks advancing has fallen below the dot-com bubble era low. pic.twitter.com/7YsjwqY6WC
— Liz Young Thomas (@LizThomasStrat) July 8, 2024
At least a 60-year extreme.
What is the risk?
That one day, it's the opposite: Five stocks are killing the index funds while everything else outperforms.
Restated, one buys an index fund to get diversification. But with record concentration, they are not getting it. pic.twitter.com/wGAOaMzrh9
— Jim Bianco (@biancoresearch) July 8, 2024
Today was the Nasdaq's lowest volatility since Christmas, and before that Thanksgiving.
May as well shut down the "market" for the summer. pic.twitter.com/BcMNYRK7Fz
— Mac10 (@SuburbanDrone) July 8, 2024