When markets run as fast and hard as they have since the start of April, you want to at least have your guard up a little. Things continue to fly higher and elevations are rising, meanwhile we are still at war, regardless of how close negotiations sound on a weekly basis, no deal is in site. Investors pushing the impacts of that aside could be a major error.

In today's video I will discuss the concerns I have in the stock market right now as it pertains to the S&P 500 (SPY +1.65%).

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*Stock prices used were end-of-day prices of April 20, 2026. The video was published on April 21, 2026.