"We have resolved to pave the way for a grand peace for all generations to come by enduring the unendurable and bearing the unbearable." - Emperor Hirohito, 8/14/1945
We’re heading into the last trading day of the week with equity markets around the globe more overbought than any other asset class. As shown in the snapshot below, the long bond ETF (TLT) is the only area that’s oversold, while oil (USO), Bitcoin (IBIT), and the dollar (UUP) are neutral.
The stock market has had about as good of a first half of August as you could ask for.
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