$GS #sentiment indicator is also extremely stretched. The last time it was near these levels was June/July 2023 just prior to the 10% correction.
https://x.com/LanceRoberts/status/1769671168422813734?s=20
#Bullish positioning in #equities is getting quite crowded.
https://x.com/LanceRoberts/status/1769670794710220818?s=20
...an overcrowded market/trade never ends well.
...the trouble is its not that market participants do not know it (overcrowded), its just that they don't want to be the first to leave the party (too lame, right?), everyone wants to when everyone starts to leave.
