Just fine and normal
This is the "just fine and normal" stage of the bull market. Very little volatility, not that much exciting news flow and not stretched positioning. Very somber and grown-up. Let's look at some examples. Here first we can see that RSI is back in normal territory and investor sentiment is not extreme.
Source: Macrobond
Just neutral
Source: BofA
Just muted
Source: JPM PI
Just slow and steady inflows
Just summer
Source: Sentiment Trader
Just keep on de-risking
Source: Morgan Stanley
Just keep on de-grossing
Source: GS Prime
Just no draw-downs
Just normally stretched
Source: Goldman
Just fine in global macro
Source: JPM QDS
Just very normal percentiles
Source: GS Prime
The regime is just fine
Source: BofA Quant
