After watching the markets get even more “risk on” than the February peak the last couple of days have seen a good plunge. This market definitely has the smell of a blow off top.
September and October can be a “crashy” time of year. Expect financial conditions to tighten again and then the economy to deteriorate even more.
Its not just retail investors that have been going mad on options.
SoftBank’s Bet on Tech Giants Fueled Powerful Market Rally
Japanese conglomerate led by billionaire Masayoshi Son placed billions in options bets on fast-rising tech stocks