Top 5 Charts of the Day – August 20th 2020
American Investors Are Feeling Lucky – Bloomberg
*#Covid_19 has decimated economies around the world, but not markets — or investors’ expectations.
*Link: https://t.co/R5uGPuRwdo pic.twitter.com/cPji078a8C— Christophe Barraud (@C_Barraud) August 20, 2020
Gamma Exposure is at its highest level ever!!!
The previous record was in January 2020, a month before stocks collapsed in the fastest bear market ever.
This market is all greed, no fear! pic.twitter.com/AjPF2ipTsC
— SentimenTrader (@sentimentrader) August 20, 2020
Meanwhile, risks of a black swan event are rising.
SKEW Index's 50 day average is at the highest level in almost 2 years pic.twitter.com/j0d6w5NgPt
— SentimenTrader (@sentimentrader) August 20, 2020
$NDX Breadth deteriorating for several weeks, now in full breakdown.
More than half of Stocks in the leading index are down over the past month.
A big regime shift *could* be underway – high risk of (1) volatile trading range developing or (2) large correction. Stay nimble. pic.twitter.com/pJrUuZSUQO
— Macro Charts (@MacroCharts) August 20, 2020
Another hated rally? With stocks at record highs, the Yale "Crash Confidence" index hit its most extreme since April 2009. The only other periods where investors were similarly as concerned about a crash as today were in late 2011 and late 2008/early 2009, via @bespokeinvest pic.twitter.com/oJGRwTiWna
— Steven Russolillo (@srussolillo) August 18, 2020