Closing in on sell signals

Tops are processes

Stock market has been on a stunning streak and now some sentiment & postioning indicators are starting to look stretched. But it can take time to form a top. Hartnett says that in 2024 positioning for sure has flipped from tailwind to headwind but that we are not quite there yet. Hartnett reminds us that we mustn’t forget the old market adage "tops are a process, lows are a moment".