What Wall Of Worry? US Equity Investors Are The Most Levered-Long Since Brexit

What wall of worry?
The S&P 500 Index is heading for its longest streak of monthly gains since 2007, and, as Bloomberg reports, investors are betting there’s more to come.
A sudden jump in trading of bullish options on SPY (the ETF tracking the S&P 500), means there has not been more ‘investors’ holding S&P 500 Calls relative to Puts since Summer 2016…

This post was published at Zero Hedge on Nov 30, 2017.