In my opinion, this is the most compelling chart for being a stock market investor

Open weight models have lagged the state of the art closed models by four months

The US economy has now been in an expansion for 71 months. Average expansion since 1949: 67 months Longest: 128 months (2009 - 2020) Shortest: 12 months (1980 - 1981)

Unsustainable…

Zoom out on broader aggregates of options exposure, and we can see call skew across 60 ETF and equity indices is also beginning to become extended