Peak Melt

I saw the world crashing all around your face
Never realizing it was always mesh and lace
--Modern English

How does melt up sentiment correspond to asset prices movements in the past?

The "melt up" chatter is ramping up. A few more days like this and we could challenge the early '18 euphoria. pic.twitter.com/IUtM8QMb9r

— SentimenTrader (@sentimentrader) December 16, 2019

Peaks, tops, reversals...

All of these terms seem appropriate.