I love those guys over at BeSpoke Investment Group. Every few days they’ll have an absolute gem of data analysis that nobody else has.
Just before the close today they put up a post showing that the most widely owned stocks among institutional investors have been by far the worst performers in the new year (you have to click on the link and look at their beautiful chart). This tells me that the smart money is now getting out of the market en masse.
Just another piece of evidence that it’s over.