The S&P 500, Dow-30, and Nasdaq 100 closed at new highs, with the market news being mostly friendly since the start of October — despite a slowing global economy, ongoing U.S.-China trade war, and impeachment drama.

With volatility low, a whole lot of good news appears to be already priced into the markets.

With public impeachment hearings beginning this week, the daily messages from the U.S.-China trade war, and overbought market internals (bearish sentiment with too many bullish option traders), a pullback (or blow top) could happen at any time.


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