The Entire World Is "Overbought"

After an initial delay, global stock markets have joined the Trump-flation euphoria in recent weeks. In fact, despite the dismal decline in global earnings, global stocks are now within inches of April 2015's record highs, and are now the most overbought since July 2014.

Everything is awsome in the world again...

When global stocks reached this level previously, they plunged over 20% in the next 6 months.

When global stocks were this overbought in 2014, they plunged over 10% in 5 weeks.

Oh, just one more thing...

Trade accordingly.

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