Asset markets are still overbought on the yearly scale, but really, shorting right here seems like asking for a slap in the face. I won't fall for the new popular narrative of panic shorting and everyone suddenly unloading their bags only AFTER a massive drop. I am a contrarian by necessity, not for convenience. I'll short when the crowd is comfortable going long again and the algos have unloaded their bags.
Good luck and hedge your bets.
Good luck and hedge your bets.