Friday, September 14, 2018

CPCE CBOE Put/Call Ratio Daily Chart

The Whitehouse saved the stock market with the happy talk on the resumption of trade negotiations with China. Most importantly, the PPI and CPI inflation data was soft this week. Inflation is Godot. Since there is no inflation, the Fed can take its good ole time raising rates. At the same time the global easy money parade continues on Wall Street with the ECB and BOJ printing money like madmen. The central banker party continues over the last decade. Traders guzzle ECB champagne while downing shots of BOJ sake buying stocks with reckless abandon and euphoria.

The put/calls drop again the CPCE above plummets to 0.50 verifying the uber complacency in the stock market. Traders believe that the central bankers will support equities forever so there is no need for worry. You know what will happen at some point in the hours and days ahead when traders completely lack fear and are uber complacent. 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.

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