I want to share with you my current view on the possible market correction in the upcoming weeks.
Risk appetite is at highest level since 2009, this is a sign of extreme bullishness in the market. In addition, the put/call ratio inverted (chart below) is signalling a possible correction, the previous times it was a great moment to hedge your portfolio.
From a technical perspective even the MACD is telling us something:
Lastly, a killer chart from Pictet:
Get ready for some market movements and do not expect a stronger economy in the upcoming months.