Over the weekend I flipped through the AAII investor sentiment reading from this past week and noted that at nearly 58%, the bulls haven’t been this present since late 2010. As a contrarian indicator this doesn’t give me the warm and fuzzies, so to speak.

From a pure price action perspective within the S&P 500 I also note that 70% of its sectors are trading at all-time highs. While this is a bullish takeaway for trend followers and respecting that price is the ultimate arbiter for traders, the price action is also further straying from economic reality, which now firmly shows global growth slowing.

Read my full analysis here: https://www.tradingfloor.com/posts/us-stocks-large-caps-stand-out-in-lacklustre-market-2498332

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