Market Sentiment 05 (Nov 17 - Dec 25)

[behappyalways]

Oh boy . . .

Teenagers are jumping into the U.S. stock market

There's been a surge in custodial accounts for minors at brokerages like Schwab, Fidelity and Vanguard, and there's often a bump in activity during spring/winter break

https://twitter.com/Mayhem4Markets/stat ... 0115639369

[behappyalways]

Another sign of market euphoria
The FOMO trade has led many to pile into $SPX calls and ignore downside protection, distorting skew close to lows not seen since late 2019.
As a result, $SPX puts are comparatively cheap, particularly looking 3-6 months out at the money.
https://twitter.com/Mayhem4Markets/stat ... 4103520629


Bears have gone completely extinct based on $SPX put-call skew
https://twitter.com/Mayhem4Markets/stat ... 5704411469

[behappyalways]

Call skew remains stretched at an extreme, suggesting market participants are only worried about missing upside and have little concern about downside risks
https://twitter.com/Mayhem4Markets/stat ... 4410495399


Is tech the new railroads?
https://twitter.com/Mayhem4Markets/stat ... 9021740240


In the FTSE-MIB the top 10 stocks make up a staggering 72.8% of the index
https://twitter.com/Mayhem4Markets/stat ... 3438762457


Market concentration is a global phenomenon. Just look at Taiwan and South Korea, for example.
https://twitter.com/Mayhem4Markets/stat ... 1108397548

[behappyalways]

Investors Intelligence survey this week shows fewest bears since February 2018.
https://twitter.com/McClellanOsc/status ... 7681691775

[behappyalways]

Wow. Goldman's sentiment indicator is SUPER stretched now. Euphoria mode in full effect
https://twitter.com/Mayhem4Markets/stat ... 0892666988


Incredible. Equities experienced record inflows of $56.1B over the last week, per EPFR
https://twitter.com/Mayhem4Markets/stat ... 5684216890


Consensus bulls are, well, quite bullish. Current reading is 79. Hasn't been 80 or above in 20 yrs!
Been keeping data since 1987. Been 79 or more only 6 other times.
https://twitter.com/hmeisler/status/1769013325201817868

[behappyalways]

This is what we call "euphoria
BofA's latest Global Fund Manager Survey showed the biggest percent of respondents saying they are taking higher than normal levels of risk relative to benchmarks since Nov-21
https://twitter.com/Mayhem4Markets/stat ... 8904402247


BofA's Global Fund Manager Survey shows risk appetite is at its highest since 2021.
https://twitter.com/AyeshaTariq/status/ ... 5185930636

[behappyalways]

U.S. Households are currently allocating 48% of their financial assets to stocks, their highest equity exposure since March 2000. Anything interesting happen in March 2000?
https://twitter.com/Barchart/status/1771492093565046899

[behappyalways]

Margin Debt Surges As Bulls Leverage Bets
https://www.zerohedge.com/markets/margi ... erage-bets

[behappyalways]

Still in fear territory with the market within scratching distance of all-time highs
https://twitter.com/Mayhem4Markets/stat ... 6745692429

[behappyalways]

AMC Raised $250 Million In ATM Offering As 'Meme' Stocks Rocket Higher
https://www.zerohedge.com/markets/amc-r ... elt-higher