‘Extremes are becoming ever more extreme’: A Wall Street strategist who sounded the alarm before last year’s 35% crash showcases the evidence that a similar meltdown is looming

• Market strategist Sven Henrich, who warned of the crash before it occurred in February 2020, says “we are staring at the largest valuations and technical disconnects ever.”
• He said the difference between current price levels and exponential moving averages shows stocks are again due for a pullback.

On February 20 last year, right at the market’s top, Sven Henrich reiterated a warning.

“From my perch this market is the most dangerous we’ve seen since 2000,” Henrich, the founder of NorthmanTrader, wrote in a post on his site.

Over the course of the following month, the market would go on to shed 35% of its value as the global pandemic worsened.