Stock market volatility is frankly scary low right now, and in my opinion it will not remain at this level for very long.
While it is certainly no secret that this Teflon stock market seems to be shrugging every bit of bad news, geo political or otherwise, something has to give.
As we all know what goes up must come down, and conversely with volatility this low-the next move can almost only be higher.
The fact that the three major stock market indices are at or near all time record highs with volatility this low is a set up, in my opinion, for this market to enter some type of corrective phase. Now do not misunderstand me, I believe this market is going to continue higher in this environment-but as I have been saying over the past several weeks: this market needs to burn some off to make a meaningful leg higher.
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