Equity Put/call reaches 2nd highest level since April ‘20

Key Takeaways

Last Friday’s break of SPX 4450 turned trends back to negative in the short run, and while bounces look possible in the days ahead to over 4500, more strength over 4590 is going to be necessary before thinking US Equity markets are “out of the woods”Gold, silver have advanced back up to areas of likely resistance given geopolitical tensionEquity Put/call ratio has now risen >1, a level often coinciding with Equity index Lows...

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