Top 5 Charts of the Day – February 4th 2021

Pretty rare to see so few companies able to outperform an index itself.https://t.co/0tGIPrKPev pic.twitter.com/EtK2LQUj3e

— 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

'Investors are still buying call options on the “fabulous five.”' https://t.co/DH4JQbmNK9 via @SoberLook pic.twitter.com/ZFNkbDugJu

— 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