🇺🇸 The ratio between the Renaissance IPO Index and the Russell 3000 rose 76% through Monday from a low on March 18, according to data compiled by Bloomberg. pic.twitter.com/SfA7MUMKWu
— Christophe Barraud🛢 (@C_Barraud) October 20, 2020
$NDX peaked early Sep after a massive & historic UP streak ended.
Stocks didn't always collapse from these extremes – but at a *minimum*, spent months chopping violently.
1) NO one is ready for such a scenario.
2) IF history repeats, this gauge is a very long way from oversold. pic.twitter.com/2snaRbAwZg
— Macro Charts (@MacroCharts) October 20, 2020
Added to the growing list of imbalances:$VIX Speculators are the most Short since JAN, and one of the biggest in history.
— Macro Charts (@MacroCharts) October 19, 2020
Commodities have moved back into overbought territory (14D RSI>70). While commodities are not as OB as they were in early Aug (RSI of 82/most OB since Feb ‘08), net spec. long positioning as a % of open interest remains near record lvls. Something to keep an eye on. pic.twitter.com/Qz8QxBScJK
— Julien Bittel, CFA (@BittelJulien) October 20, 2020
— Lance Roberts (@LanceRoberts) October 20, 2020