Total Put/Call Ratio fell to 0.70 on Friday, one of the lowest levels in the last 4 years

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Grok:
The last notable low in the put/call ratio (similar to 0.70) was around May 2025. The S&P 500 rose 6.15% that month, followed by gains of ~5% in June, 2.2% in July, and 1.9% in August. Historically, low ratios indicate bullish sentiment but can precede short-term corrections in some cases.