— SentimenTrader (@sentimentrader) February 3, 2021
More stats on last week's historic trading:$SPX Skew fell to the bottom 0.8% of all time (17 years), extremely rare.
Hedging got almost as expensive as March 2020 – unbelievable.
Historically, almost every time fear got this high, Stocks were at or near a major bottom. pic.twitter.com/oUJebt7VuE
— Macro Charts (@MacroCharts) February 3, 2021
— Jesse Felder (@jessefelder) February 3, 2021
Excellent chart of Fund Positioning via JPM:
Balanced Funds have been cutting Stock exposure relentlessly – down to the lowest in years.
Historically, when Funds got this underinvested, Stocks usually kept climbing – forcing managers to chase much higher prices. pic.twitter.com/2hyCC5JRoe
— Macro Charts (@MacroCharts) February 4, 2021
This chart is mind boggling.
Investments in mining exploration are at a 62-yr low!
Commodities are your highway from the old to the new economy.
Major supply/demand imbalances ahead. pic.twitter.com/MeykDb5kh9
— Otavio (Tavi) Costa (@TaviCosta) February 3, 2021