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‘Clearly, Investors Are Feeling Good’: Here’s The ‘Euphoria’ Chart Again
Bright and early on Monday morning, we showed you a series of charts which together suggest that equities are overbought pretty much across the board.
Specifically, the 14-day relative strength index for the S&P 500, MSCI Asia Pac, MSCI World, Nikkei 225, and MSCI EM Index are all in overbought territory. Equity euphoria, we wrote, is on world tour. Here's a fun postcard you can print out and send to any of your friends who might have missed the rally:
Well given our characterization of
“humans” as opposed to the majority of traders: High Frequency Trading bots. It’s the opinion of the bots that’s important, now.