The greatest trick Miss Market ever played...

There is almost always another buyer

The greatest trick the seductive and mischievous Miss Market ever played was to fool us into believing that sentiment & positioning were max stretched. Tracking and trading these indicators have been a proper widow-maker in the last few weeks. And just to complicate things further, now after another all-time-high week, some of these indicators are now retreating from their extreme levels.

Sentiment set-back