From The Market Ear:
Markets have become more boring and there are good reasons that expect that it will stay like that for a while now.
Seems like everyone took a chill pill
The difference between the extremes of both sides of every argument (or trade) in the markets now are smaller than in a very long time. There are few extreme views and scenarios. You can make a decent argument for basically everything and we all seem to agree on most things, without it being too complacent or too consensus. Most of the times stocks don’t really go anywhere (“Fat&Flat”). This email will examine a number of things on the theme of “boring”.
SPX – fat and flat
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