IS THE MARKET TOO COMPLACENT ?
The Put-to-call ratio 30-day moving average FELL to the LOWEST since November 2021, one month before the 2022 bear market started. This aligns with the Feb 2020 levels, before the 2020 CRASH. Hedging barely exists in this market.👇 Source: Global Markets
Retail Options Traders are now short the LARGEST amount of Gamma in AT LEAST the last 14 months 🚨
Source: Barchart, TME
The Goldman Sachs Bull/Bear Market Indicator measuring market and economic sentiment hit 73% 🚀
One of the largest readings in history. As you can see, this is in line with the previous peaks that occurred before bear markets in 1999, 2007, and 2020. The index uses US stock market valuations, government bonds yield curve, unemployment, inflation, and other economic metrics. ➡️ It simply means that the sentiment has rarely been this euphoric before. Source: Global Markets Investor, GS
Goldman Raises MSCI China Target as DeepSeek Improves Outlook - Bloomberg
Strategists at Goldman Sachs Group Inc. expect a blistering rally in Chinese equities to continue, as the emergence of DeepSeek sparks optimism over the country’s technological advancements. Kinger Lau and his colleagues see the MSCI China Index reaching 85 over the next 12 months, up from their previous target of 75. That indicates another 16% rise from Friday’s close. The index has already entered a bull market earlier this month. Their target for the CSI 300 Index was raised to 4,700 from 4,600.
Gold consecutive weekly gains
Source: Win Smart
Gold has officially hit the highest level EVER on an inflation-adjusted basis
This is why they call Gold an inflation hedge. Source: Bravos Research
2025 US earnings estimates are tracking above the typical path.
Source: Goldman Sachs via @MikeZaccardi
The success of Chinese artificial intelligence (AI) start-up DeepSeek is prompting investors to reassess the nation’s technology companies.
The Hang Seng Tech Index, whose biggest members include Tencent Holdings, Alibaba Group Holding and Xiaomi, approached a four-month high on Thursday, after rallying more than 10 per cent over the past two weeks, while the broader Hang Seng Index climbed about 6 per cent. As shown on the chart below, the valuation gap between Chinese stocks and the Mag7 remains massive. Source: Compounding Quality @finvibe
