Sharemarket Warning Bells

Listeners to today’s Weekly Wrap will hear of the contrasting week the US has just had.  One thing for sure though is the S&P500 is officially in ‘nosebleed’ territory as it has now achieved a scary new record.  It is now at the 2nd most overbought level since 1871 being 90% above its long term trend.  Only in the period of November 1998 to July 2001 was it more so and we all know how that ended.  A not so subtle difference to that period is that high was not off the back of an unprecedented central bank stimulus program; a program that has now ended…. (for now?).  Like the Aussie sharemarket needs more pressure at the moment!  Remember US sneeze..Aussie flu.  Got your hedge in place?