Note from Steve: Do you feel it this week? The sense that we're in the calm before the storm... like the entire country is holding its breath? As our friend Joel Litman explains in the note below, a financial storm IS coming. But it's likely not what you expect...

This Time It's Dangerous

With all that happened last week, this story has received little-to-no media coverage.

So I'm bringing it to your attention today...

Because it has dramatic implications for anyone betting on a fast, "v-shaped" recovery in U.S. stocks.

Here's what you need to know.

For the first time since 2013, the S&P 500 has not been within 5% of its all-time high for more than three months.

Zoom out further, and the picture's even more bleak...

The S&P's crashed below its 200-day moving average for over 100 days.  

(That's the longest losing streak since the Great Recession!)

So if you've been watching stocks crater and waiting for the overall market to "bounce back" like it has for the past decade...

Right now, your money could be more at risk than at any other moment in recent history.

Not only because of inflation... rising rates... or even a global recession...

But because an unstoppable economic force has taken hold of the U.S. stock market.

And it won't make headlines until it's much too late to protect what you've built.

Here's what's REALLY coming... and how to get ahead of it.

Regards,

Joel Litman
Chief Investment Strategist, Altimetry

P.S. We've just entered one of the most historically dangerous periods in financial history.

And it's moments like this when you start to hear the age-old phrase:

"This time it's different."

They're known as the "the most expensive four words in investing" for a reason.

So let me be clear: This time is NOT different.

In fact, we've seen this same exact phenomenon play out in the U.S. stock market twice in the past 20 years – both in 2009, and again in 2020.

This time, it's dangerous...

I explain the critical reason why, right here.