Risks abound in today's market environment. From geopolitical to trade, economic, credit, or election risk, the potential for the reemergence of volatility seems ubiquitous.
And yet, the S&P 500 (SPY) is currently only ~3% off of its all-time high reached in July. Investors have shrugged off most of these risks and bought any dips the market has offered this year.
But will that behavior continue? And should it?
The following are five reasons that investors ought to be much more cautious in today's market than the major stock indices suggest they are being.