Equity Market FOCU-Theme Sparks Extreme Sentiment Signal

Stocks are up for 13 of the last 14 weeks, and as we detailed last night, on the precipice of another winning week which will mean the best such streak in 52 years!

US equity markets remain stuck in 'extended euphoria' mode, and are "overbought via any number of indicators and periodicities," John Roque at 22V Research says.

And nowhere is that 'euphoria' more evident in the extreme lows in index skews.