Chart Check (Bullish Double Feature)

Jan 28, 2017 at 5:24 PM EST

In addition to record low 1-month implied vol, a 10 handle VIX, record high FX vol/equity vol ratios and a smooth S&P implied vol term structure we can now add “absurdly low put/call ratio” and depressed short interest to our list of warning signs.

Remember “irrational exuberance”?

Well, in addition to (near) record low 1-month implied vol, a 10 handle VIX, record high FX vol/equity vol ratios, and a smooth S&P implied vol term structure bereft of any front end Trump “kinks”, we can now add “absurdly low put/call ratio” and depressed short interest to our list of warning signs.

Via Bloomberg

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