Are Equity Markets Overbought ?

Fair question, it has been quite a  run over the last 18-months. Those moves may look atypical to some because we forgot what was a good old fashioned bull market whilst experiencing the previous bond rally who has come to term…The MAP below shows the T_Stats  for major stock markets over various time horizon… everything above or below -1.6450/-1.6450  would breach a 95% interval of confidence on a normal distribution… nothing out of the ordinary there…..


Keep on buying then !