CBOE Put/Call ratio complacency, at extremes. The trigger for $SPX to start a correction?

#ChartOfTheDay – November 18

CBOE Put/Call ratio complacency, at extremes. The trigger for $SPX to start a correction? Who knows…. pic.twitter.com/bhC1DMcRnz

— Fernando Pertini (@DecodeMarkets) November 18, 2019

“Whether it should be considered QE4 or not, in the eyes of the market it's just semantics. Markets view any increase in the size of the Fed's balance sheet as QE and the $250b increase in just two months is no doubt helping to lift stock prices.” @pboockvar

Fed balance sheet: pic.twitter.com/pmiYUfrg95

— Carl Quintanilla (@carlquintanilla) November 18, 2019

All of the big banks are now throwing in the towel on the neutral to slightly bearish equity calls because of the Fed POMOs

Time to get scared? https://t.co/nmbf2PIfDZ https://t.co/K5cxlPk2ri

— Andreas Steno Larsen (@AndreasSteno) November 18, 2019