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From oversold to overdrive

Oversold is gone

On August 20 (here) we pointed out just how oversold the market was. Fast forward to today, and the RSI has moved sharply higher. The question is whether or not we see overbought again?

Source: Refinitiv

NASDAQ seasonality

Source: EquityClock

Not perfect, but...

Source: Refinitiv

The AI likes strong EPS momentum...

Source: Barclays

Can't keep a good man down

Source: Refinitiv

The break down

Source: Refinitiv

Credit protection to SPX - why so low?

Source: Refinitiv

VIX loving it

Source: Refinitiv

Chasing low quality (again)

Source: Refinitiv