The January 30, 2024 peak at 7.13 was the highest value since November 1996 (7.37). This chart represents the strength of fast bull markets and what typically happens after a sharp rise. There are only two other times since January 2000 when this number has exceeded 6.0. January 2018 and January 2020 both peaked above 6.0 and moved to a negative value within 4 months. Prior to 2020, every time the rolling sharpe ratio finally peaked above 6, it was below 0 within 10 months.
Its possible that this time, it could be different.
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