“The put/call ratio has diverged from the AAII sentiment indicator. Investors say they are cautious, but the options market activity says otherwise.”

"The put/call ratio has diverged from the AAII sentiment indicator. Investors say they are cautious, but the options market activity says otherwise." @SoberLook
This is why we prefer actual #positioning #gauges to #sentiment measures. pic.twitter.com/Yqh0NlKxWc

— Lance Roberts (@LanceRoberts) June 24, 2020

Circa 2000 retail tidbit du jour via @EconguyRosie

One-fifth of options traded since April have had maturities of one DAY or less, up from 3-5% historical from 2011-2016 as per @GoldmanSachs data.

In classic Rosie language "Not a market for fundamentalists, that is for sure."

— Danielle DiMartino Booth (@DiMartinoBooth) June 24, 2020