Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.
Almost anywhere you look, you’ll find clear signs of extreme investor sentiment in the markets right now.
"'The Return of the YOLO' was not on my February bingo card. Activity on the message boards is at the highest level since March 2020. I need to wake up every morning to see 'what stock can rally 50% by Friday.' Equities have entered a period of euphoria." https://t.co/QRLINVbr7f
— Jesse Felder (@jessefelder) March 1, 2024
From call options volumes…
'Traders placed more than $20 billion in stock-options bets tied to Nvidia over the past week. That was more than what they spent on Tesla, Meta Platforms, Microsoft, Apple, Amazon and Alphabet combined.' https://t.co/ViZzB2KmsF pic.twitter.com/L6GRY8uE0Z
— Jesse Felder (@jessefelder) February 26, 2024
…to crypto flows…
Crypto Funds have already seen record yearly inflows just 2 months into 2024.#Bitcoin $BTC $ETH $SOL pic.twitter.com/gc6hwUnn74
— David Marlin (@Marlin_Capital) March 1, 2024
…to magazine covers…
There's a sentiment indicator in here somewhere… pic.twitter.com/oL7Guk6bwP
— Peter Atwater (@Peter_Atwater) February 29, 2024
…overwhelming evidence suggests animal spirits have once again taken hold in a way that should be troubling to anyone aware of how they are typically resolved.
"We can't say with any certainty at all that stocks are at a market peak. We can also say with complete certainty that present conditions mirror what a market peak looks like." –@hussmanjp https://t.co/xD4PuVSzXO pic.twitter.com/7mfHPut7si
— Jesse Felder (@jessefelder) February 26, 2024
