Market prices are rising faster than earnings estimates increase keeping forward valuations extremely expensive.

Here is the problem.#Market prices are rising faster than #earnings #estimates increase keeping #forward #valuations extremely #expensive.
Another reason why March 2020 was a #correction and not a #bearmarket. No #valuation/#sentiment reset. pic.twitter.com/pnEjdJSsVN

— Lance Roberts (@LanceRoberts) April 9, 2021

$SPX breath record in the last 7 years pic.twitter.com/0SX9ZyedZJ

— VIX Squared (@vixsquared) April 9, 2021

BAML clients holding their largest equity position ever. This isn't a survey. It's actual positioning pic.twitter.com/tdqJZc5RZ3

— Tsachy Mishal (@CapitalObserver) April 9, 2021

CATHIE WOOD'S $ARKX SPACE ETF ADDS MORE THAN $600 BILLION IN INVESTOR FUNDS IN 2 WEEKS: BBG

— FXHedge (@Fxhedgers) April 9, 2021

MSCI World Small Cap vs. Large Cap equities are up >20% YoY.

A peaking Chinese credit impulse is never a good sign for global growth.

As a result, additional tightening would be a clear negative for small vs. large cap equities, which are already very extended.

Mind the gap! pic.twitter.com/RDSrOzFKN9

— Julien Bittel, CFA (@BittelJulien) April 9, 2021

Big $VIX buying at the close, they're getting scared up here

— FXHedge (@Fxhedgers) April 9, 2021

$vix call volume very high pic.twitter.com/mXKx0OJ4HT

— VIX Squared (@vixsquared) April 9, 2021

More money poured into stocks in past 5 months than last 12 years