All the staple forward statistics are completely broken so far in 2024.. as January goes so does the rest of year.
Positioning - as crowded as it can get
Put Call Ratio - as cheap as it can get
Seasonality - completely broken.
Cycles - Way over extended
The last time this occured was in 2021. It happens sometimes.
At times like these you go to the master and see what he says.
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29/01 Indices, page-78
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