Risk parity exhaustion? When there is little value to be found on the long side of the market, there is much opportunity on the short side.

When there is little value to be found on the long side of the market, there is much opportunity on the short side.

Crescat’s October performance letter is out. https://t.co/GuY1L8KUjl

h/t @TaviCosta pic.twitter.com/8MyrKxnrtO

— Kevin C. Smith, CFA (@crescatkevin) November 15, 2020

S&P looks a tad overvalued
👇👇👇 pic.twitter.com/KMgPaoDHEX

— Win Smart, CFA (@WinfieldSmart) November 15, 2020

#recession … #Tech #Bubble 2.0 edition
via @DereckCoatney https://t.co/OANdDmGQeJ

— Invariant Perspective (@InvariantPersp1) November 15, 2020

pic.twitter.com/XxKhQxPQfK

— M/1_LP (@MI_Investments) November 15, 2020

The trailing 12-month P/E ratio for $SPX of 28.5 is well above the 5-year average (20.7) and well above the 10-year average (18.1). https://t.co/0ZWi6DSoxE pic.twitter.com/Z3EpBHyzqG

— FactSet (@FactSet) November 15, 2020

#recession … #StockMarket #Bubble edition#SPX #SPX500 $SPY #ES_F $ES https://t.co/wmpr6DN0W3

— Invariant Perspective (@InvariantPersp1) November 16, 2020

https://twitter.com/RetirementRight/status/1328052631617622016

WTF ! pic.twitter.com/BcMo8UsaOj

— xTrends (@xtrends) November 15, 2020

Very interessting chart from @crossbordercap. Even if the global liquidity seem to be higher due to higher debt. ( Debt <-> Liquidity = Leverage / Volatility)
We can see that the appetite for risk is at the lowest in a uncertainty context, which is a clue for the middle run rates pic.twitter.com/V9btQeMFMJ

— La Saumure (@Analystlearner) November 15, 2020

#recession … #StockMarket #Bubble edition#SPX #SPX500 $SPY #ES_F $ES https://t.co/sFBeK2tIiE

— Invariant Perspective (@InvariantPersp1) November 16, 2020