Excellent data here from Bespoke. The market hasn’t been this overbought in over 25 years:
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:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.