Does the Bloomberg headline today, “Melt-Up on the Mind as U.S. Stock Advance Hits Euphoria” forewarn of a major top forming in U.S. stocks?
Given waning momentum and breadth and the degree of market complacency, as shown in volatility indexes and put/call ratios, such calls for a melt-up could actually signal that a stock market melt-down is fast approaching.
Stock Market Melt-Down?
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2,806.7 |
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-11.790(0.42%) |
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