CPCE Put/Call Ratio Continues to Signal Market Complacency and a Top

The CPCE continues to print low numbers verifying rampant market complacency and fearlessness. The low VIX,  under 13, also verifies the ongoing complacency. Typically, markets ebb and flow from complacency to fear and then back to complacency again. The blue bar shows that there has been zero fear in markets since June. This is astounding for the stock market and very odd behavior. The CPCE should have printed at 0.80-ish or higher within the last 10 weeks.

The complacency continues to signal a stock market top at hand. The central bankers have twisted markets into a sick distorted pretzel. The expectation would be for stocks to sell off until the CPCE prints inside the green circle where an acceptable near-term bottom will form for equities. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.