The 'bubble flag' for the S&P 500, developed by Didier Sornette and his team, just hit a new 1-year high, near or above peaks from the last couple of years. Something I keep my eye on. $SPX $SPY
If anyone else follows Didier Sornette work, the long time scale bubble has climbed quite a bit for corn and recently picked up for the tech sector.
didier sornette'>Meet Didier Sornette, the man who can predict the burst of financial bubbles
Using a formula based on power law, the Utilities sector now has its highest 'bubble' score since late 2017 via Didier Sornette at The Financial Crisis Observatory $XLU
Dr. Didier Sornette's LPPL Confidence gauge for U.S. equities is getting elevated. Not there yet but readings above 0.1 are significant.