Market complacency is off the charts right now, folks.
Everything Else rally still going strong.
Those 0DTE folks aren't letting an opportunity go buy, on any time frame, to buy the dip.
Since the tariffs started rolling out, financial conditions continue to tighten.
This particular chart on the S&P 500 (SPY), expects a major sell-off starting in 2026.
T2108, which measures the % of stocks trading above their 40-day moving average, is lagging significantly, and should be more in the 70% range.
UnitedHealth (UNH) still can't find itself a bottom.
The Utilities ETF (XLU) is currently in breakout mode, can this defensive play sustain the breakout though?
Don't forget that recessions take place after the yield curve stops being inverted and begins to steepen.