Market is Peaking with S&P close to eclipsing the previous high of 2930 and sentiment getting bullish. This can be seen by the spate of IPO activity and recovery of FAANG stocks and other risk on sectors.
Time to be Cautious as valuations are full and potential risks are no longer discounted in the market prices. This does not mean market will fall. Interest Rates kept low globally will act as a hedge and keep valuations higher. Not clear what can trigger a crisis of confidence or a turn in the debt cycle but being cautious and keep investing slowly could be the way to go.
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