Last year I presented one of the less known indicators - Skew Index. To remind my readers:
Skew Index is a risk measure (quite different from the popular VIX index) daily-published by the CBOE. Without details (for those interested the details are here) this index measures the risk of a very rare market event, e.g. stock market crash or another black swan event.
Yesterday Skew Index hit its record high. Please, look at the chart below:
Well, such a high indication does not mean that we will see an instant outcome. However, Skew Index "says" - "Be extremely careful with US equities now"