Largest monthly inflow to S&P 500 growth ETF ever!
Previous inflow extremes also preceded significant market selloffs.
Record bullishness at near record valuations can never a good sign.
— Otavio (Tavi) Costa (@TaviCosta) April 1, 2019
VIX short positioning by speculators is more extreme than it was just prior to the market selloff in Q4 2018.
— Kevin C. Smith, CFA (@crescatkevin) April 1, 2019
US vs. German 5-year yield spread just broke down from a multi-year support line!
Previous breakdowns timed the market top in 2000 & 2007.
It’s another critical macro timing indicator.
— Otavio (Tavi) Costa (@TaviCosta) March 30, 2019
As a result, the probability the US cycle indicator switching from expansion to downturn is the most elevated it’s been since 2005/2006, suggesting an imminent cycle peak. In fact, a backtest shows that the probability of a downturn is now higher than it was either right before the global financial crisis or just before the dot com bust.
— Daniel Lacalle (@dlacalle_IA) April 1, 2019
Shares closed 21 percent below Lyft’s $87.24 opening price
Pinterest, Postmates, Slack, Uber are hoping to ride a wave