Friday , January 15 2021
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Snap AV: peak euphoria

Summary:
Apparently the US is not in a stock market bubble, but that’s not exactly what the data is saying.This morning, we saw the following from Tobias Levkovich at Citi Research. It’s a chart of his US Panic/Euphoria index, which incorporates multiple indicators to give a reading of current market sentiment in the US.And it’s errr . . . currently higher than during the dotcom/ telco bubble of 1999: It’ll be of little surprise to anyone following market trends at the moment -- whether it be in electric car stocks, ESG names, SPACs, or bitcoin, where valuations are screaming higher and higher each day.FT Alphaville has been thinking about this a little, particularly over lockdown 3.0, and we’re trying to figure out whether what we’re seeing is yet another passing fad or

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Apparently the US is not in a stock market bubble, but that’s not exactly...

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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