When +35% Feels Weak: Froth Rises and the Market’s Begging for a Breather

When up 35% looks "poor"

Timing reversals in panic upside moves is impossible, but we have seen some impressive moves since April lows. You know things are starting to feel a bit frothy when QQQ's 35% rise since April lows looks tiny compared to the huge squeeze in the most shorted basket, up 83% from April lows. The market is ripe for a pause.