player sentiment heading into new week
–
Just one of a number of a gathering of similar takes I have read over last few days about the market:
‘Peak Euphoria’ Warning Blares as Stress Vanishes on Wall Street
(Bloomberg)
…Fed officials seem sanguine about it all, and indicate that the next move is a cut, just further out. … “A hot CPI woke markets up to the fact that risks are two sided. But still, mindsets are hard to change, as most people anchor to recent history,” the firm’s team including Christopher Metli wrote in a note.
Technically, there a number of instruments in the “overbaught” territory. In itself not a strong sell signal, just a prescient one without a precise timing.