ACTV - The Overextended Stock Market Has Likely Reached Its Breaking Point
2024-07-14 06:15:00 ET
Summary
- The Implied correlation index is at a historic low, indicating stocks trading independently.
- Rising realized volatility levels in S&P 500 may lead to increased implied volatility risks.
- S&P 500 technically overextended and fundamentally overvalued, facing rare conditions that historically signal caution.
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The Overextended Stock Market Has Likely Reached Its Breaking Point