Who’s Ready For The Super-Tremendous ‘Melt-Up’ And The Phenomenal ‘Blowoff’?

At this point, I'm not really sure what counts as a "blowoff" top. That term has been bandied about recently, and there are plenty of folks who will tell you they can define it, but that's silly. It's a Trump-ish superlative like "tremendous," or "phenomenal," or "big league." Same goes for "melt-up." What the hell is a "melt-up," exactly, if not what we've been seeing every single day for years? I don't know. And contrary to what they'll tell you, neither does anyone else. "Later stages of b

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One thought on “Who’s Ready For The Super-Tremendous ‘Melt-Up’ And The Phenomenal ‘Blowoff’?”

I wrote a paper on the subject of defining a melt up in June of this year. In that paper I defined “melt up” using the Sharpe ratio of the S&P. In June the Sharpe was 3.5 using daily returns. It is still high at 3.1. This Shape for a passive index is INSANE and over six times it’s long term average. Highest since 1928. The high Sharpe is a perfect definition of a melt up.