Stock market complacency: CBOE put-call ratio hits 20-year low

Omkar Godbole FXStreet Contributor

The CBOE put-call ratio has dropped to a 20-year low of 0.39, indicating extreme bullish positioning in the US stock markets. That's a sign of complacency among investors, as noted by market observer Holger Zschaeptiz and is widely considered a contrary indicator.

Potential correction in stocks will likely bode well for the safe-haven US dollar. The greenback recently fell to multi-month lows against the basket of major currencies on expectations for a swift global economic recovery on potential coronavirus vaccines and hopes for additional US fiscal stimulus.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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