Put/call ratios on US equities this morning (green) are low..very low! Last time we were here, it was mid-February (red). It’s more likely than not, one would think, a good time to start protecting some of these gains. Equity indices may start digesting recent moves higher, and certain individual equities (especially in the Nasdaq), have moved incredibly far and fast.
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|Chart of The Day – May 19, 2020|