In the past days, we can see that money has moved back into equities
Risky assets such as ARKK seem to be also attracting money.
BUT, and there are two important 'BUTs' here:
1. In terms of valuation, equities are overvalued as current 10Y rates are reaching 3.6%
In fact we should drop back down to $3930 to reach "not" overvalued levels.
2. A very large number of ETFs display very bearish EV patterns.
Long ETFS:
Short ETFs
Conclusions:
I would not be heavily invested long here.
