"Today, bulls are LOWER than we'd expect given $SPX, that tends to be bullish"
"The $SPX 3-month realized volatility just fell by 8.2 points, marking the largest single-day decline since 1987"
"This ratio is a key barometer for risk appetite and economic strength"
"US household leverage (liabilities to net wealth) is the lowest in 50 years"
"The sectors that should be leading are leading, and the ones that usually lag are lagging"
"When the most important stocks in the market are breaking out as a group, that’s a powerful message"