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The index put-to-call ratio has dropped to 0.76, the second-lowest level since March 2020.

Furthermore, the ratio’s 10-day moving average fell to 0.96, the lowest since August 2019.

Them overall total put-to-call ratio is also down to 0.72, the third-lowest since November 2021.

As a result, its 10-day moving average hit 0.78, a 39-month low.

Even as the market has seen an increase in volatility, demand for puts is historically low.

Bullish sentiment is through the roof.
(@TheKobeissiLetter)



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The index put-to-call ratio has dropped to 0.76, the second-lowest level since March 2020.

Furthermore, the ratio’s 10-day moving average fell to 0.96, the lowest since August 2019.

Them overall total put-to-call ratio is also down to 0.72, the third-lowest since November 2021.

As a result, its 10-day moving average hit 0.78, a 39-month low.

Even as the market has seen an increase in volatility, demand for puts is historically low.

Bullish sentiment is through the roof.
(@TheKobeissiLetter)

BY The Kobeissi Letter




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Ukrainian forces have since put up a strong resistance to the Russian troops amid the war that has left hundreds of Ukrainian civilians, including children, dead, according to the United Nations. Ukrainian and international officials have accused Russia of targeting civilian populations with shelling and bombardments. He floated the idea of restricting the use of Telegram in Ukraine and Russia, a suggestion that was met with fierce opposition from users. Shortly after, Durov backed off the idea. Two days after Russia invaded Ukraine, an account on the Telegram messaging platform posing as President Volodymyr Zelenskiy urged his armed forces to surrender. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%.
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