People got bullish on stocks. I get it. There’s a political change coming, and many investors might be excited about that while I don’t think that others would be willing to sell given this sentiment.
However, I have to point out that tops are formed when the sentiment is extremely bullish. While this doesn’t have to be the final top for this rally (I admit, I thought that we saw a top already and stocks kept on rallying), I do want to stress that this is one of the moments where at least a local top becomes likely