Stocks just keep going up. The S&P 500 is knocking at the psychologically important 5,000 level - an all-time high and a nice, big round number. So why do I feel uneasy? I think the market is really just fixated on the prospect of upside and is turning a blind eye to some significant risks out there.
I’m expecting around a $70 move on the SPX - the “mother of all products” this week - and we’re about halfway there right now. In other words, we ain’t out of the woods yet. And with the market more or less running on tech right now, investors could get the rug pulled out from under them at any second. Let me show you what I mean…