The View from 5th Avenue

The View from 5th Avenue – 6 June 2023

When Goldman reports panic buying (overall BUYS to SELLS at the 98th percentile), the CNN Fear and Greed Index reads “Extreme Greed”, investors are actively hedging “melt up” risk (Friday saw the largest notional SPX call volume ever) and tech is stretched to max extremes of overbought territory, is it time to SELL? Apparently, not. US stocks vacillated between gains and losses today, but ultimately finished the day in positive territory. The small cappers were the clear winners as the RTY was…

The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.

Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.