FYI: Our Trend Analyzer does a great job of finding those assets that are at extremes either on the oversold side or the overbought side. While equities are mostly oversold at this point, fixed income is in the stratosphere. Below is a look at the most overbought fixed income ETFs at the moment. Dozens of them are in extreme territory at 2-3 standard deviations above their 50-day moving averages.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/fixed-income-through-the-roof
