You mean…
with the S&P up 24% off the October low and…..
Nasdaq up 33% in less than 6 months.

To elaborate on that point, any simple macro compass will show late stage bear markets are disinflationary with slowing growth. That’s exactly what we have right now. The next quadrant from here is disinflation with rising growth. I listened to Darius only a couple weeks ago and he was still firmly in the camp of quadrant #4 (disinflation / slow growth).

Do you have a link to this? I follow Darius closely and he has NOT been calling for this environment to be bullish for risk assets. Quite the contrary. So if he’s now claiming he was forecasting this move, then he’s BS-ing.

Well said. This is the same thing as nat gas earlier this year. Painful to watch.

It will be an epic victory lap once NQ finally has a pullback.

Good info, Jeff,
Usually indicates we’re near time for a pullback, but I’m not so sure with this market.

Lol.. most of our posts are liked though, so whoever is doing it is wasting their time.

More important than sentiment is positioning, and last week’s CTFC showed SPX shorts had only covered a very small number of contracts from their record short positioning. Hopefully they will have covered a lot more after this week, but such massive positioning will take some time to unwind, and I fear they will have done the opposite and added to shorts believing that the top is near and that the Fed’s dot plot spells danger for equity markets soon.

Only thing is bullish sentiment is at it’s highest level (and bearish sentiment is at it lowest) since November 11, 2021… the week the nasdaq topped.
Don’t think sentiment alone can knock the market down ???

“Like we’ve been arguing for the past month, a Federal Reserve whose primary mission is to engineer a disinflationary soft landing is bullish for risk assets… until the committee is forced by future inflation and labor data to realize that an immaculate disinflation is as rare as Bigfoot.”

…until then, Buy Stonks!

who’s giving all the negatives to these posts? Randy must be here :) Otherwise is there anyone else who would disagree?

Good to know! Thanks. Goes with the AAII survey results for the week that just came out today, now 45.2% bullish, and increase from last week’s 44.5%, and completely turned around from the mid-May when only 23% of participants were bullish.

I don’t think so but i like to take randy’s analysis into account at all times just so that i dont miss anything. I tend to use sentiment much more than any RSI, PMO, MACD or divergences. I am exposed to financial advisors and investors much more than most people and i can get a sense when they are over enthusiastic to the upside or downside. They are absolutely giddy right now. FWIW

You should be running this website.