Overbought, but not overbought
|S&P 500 rose, adding to clients‘ long gains – so is it overbought? On a short-term basis, yes – so, the next question is whether the rally can go on, what is the message individual sectors and subsectors are sending – and at these fresh ATHs, that‘s what I‘m answering for clients in the premium section while offering you, dear readers, the volatility and options market view (assuming you‘re by now familiar with the extensive weekend macro analysis – there is plenty of positioning for retail sales already happening, isn‘t it so). Intraday calls also worked well, illustrating the relative dynamics between indices. Forget not Bitcoin has woken up either.
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