• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Takeaway: It's getting frothy out there.

A return to all-time highs for US stocks is putting sentiment right back to where it was on 12/31.

#frothy

Both front month VIX (volatility) and the bear side of the II Bull/Bear survey have dropped right back to where they were on January 1. No, that’s not a good thing.

Mr. Market Getting All Frothy - VIX

The Bull/Bear Spread has ripped right back towards its all-time highs at +3950 basis points wide to the bull side. Only 15% admit they’re bearish. That is a generational low.

Remember. Risk happens fast.

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