Still too many bears...

SPX just catching up

The gap between US economic surprises index and the SPX has shrunk lately, but remains at rather wide levels.

Source: Refinitiv

Overbought...

Source: Refinitiv

The long lags of Fed policy

Source: Jefferies

Sell side too bearish

Source: BofA

Shitty risk/reward

Mislav's bearish musings

Worried Wilson

Source: Morgan Stanley

JPM likes hedging the downside again

Never buy protection when you must

Source: Tradingview

Message from Mr. Market is still defensive

CTAs - do they get anything right?

Source: DB