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THE STOCK MARKET HASN’T BEEN THIS OVERBOUGHT SINCE 1983

Excellent data here from Bespoke. The market hasn’t been this overbought in over 25 years:

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This additional chart from Quantifiable Edge shows the extreme level of stocks above their 200 day moving average.  The stock market hasn’t been this oversold ever in terms of this indicator:

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Source: Bespoke Invest, QE

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