Confidence among "dumb money" indicators hit an extreme several weeks ago, and yet stocks have kept rallying. Over the past couple of weeks, our Risk Level has been high, and again stocks have rallied. We take a look at these failures and what it means when it happens to this degree.; Apple's market value is larger than nearly 90% of the value of the entire Russell 2000 index. Over the past 40 years, there have been only a few times when a single stock got even half this large relative to an entire index.Signup / Login to read this post
Confidence among "dumb money" indicators hit an extreme several weeks ago, and yet stocks have kept rallying. Over the past couple of weeks, our Risk Level has been high, and again stocks have rallied. We take a look at these failures and what it means when it happens to this degree.
Apple's market value is larger than nearly 90% of the value of the entire Russell 2000 index. Over the past 40 years, there have been only a few times when a single stock got even half this large relative to an entire index.
The biggest gold ETF, GLD, keeps trading at a premium to its underlying value.
This has been an incredibly volatile 6 months for the NASDAQ.
The Vix Term Structure has reached the lowest level in 6+ months.
I've recently touched on extreme readings in gold and silver, usually with the conclusion that this is slightly bearish for precious metals in the short term.
GLD and SLV are trading at a significant premium to net asset value.; The past few weeks and months have seen U.S. tech stocks rally relentlessly while other countries' stock indices bounced sideways. The tech rally managed to drag the S&P 500 towards all-time highs, which is quite amazing given all the doomsday predictions we saw in late-March.
GLD and SLV are trading at a significant premium to net asset value.
The past few weeks and months have seen U.S. tech stocks rally relentlessly while other countries' stock indices bounced sideways. The tech rally managed to drag the S&P 500 towards all-time highs, which is quite amazing given all the doomsday predictions we saw in late-March.
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