If only there were signs...(part 2)
Ring the bell
In our email yesterday we provided 8 signs of a market top. This to support our bearish view from February 8th where we said that the market will take a pause and trade down over the next few weeks. Today we follow up with a few more observations on how extreme things are, including some sentiment & positioning indicators at 10-20 year extremes. Become a Premium subscriber to follow our short-term bear thesis and get constant market updates.
Finally, stretched
The GS sentiment indicator that measures positioning across various investors finally crawled back to "stretched" which should indicate lower returns going forward. Not a sell-signal per se, but "in the zone".