Loading ...The volume put/call ratios are meaningless. The only ratios that have mattered on a sustainable basis have been the open interest ratios on the SPX, with values still above 2, meaning twice as many puts as calls are open.
For this reason, as long as they continue to print money, the rigged casino that is the stock market, will see higher values due to the perpetual short squeeze.
This supports the hypothesis we see a crack up boom as opposed to a deflation as it’s all just a ponzi based video game at this point, with the machines in control and squeezing the put buyers.
Higher interest rates could change things but yields are set to cycle lower in coming months.
Cheers