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S&P 500 - Options Trading Volume Reveal Exuberant Sentiment

Short
USI:PCCE   PUT/CALL RATIO (EQUITIES) - CBOE
The CBOE 10D Put/Call sentiment shows very upbeat sentiment among market participants. They fear on missing out a year-end rally. Unfortunately, current readings coincided with those near tops during the past 42 months. Larger corrections unfolded shortly after the reading and further upside was limited at best.

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