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Something's troubling about the market: Trader

From cnbc.com

The S&P 500 is about 2 percent from record highs, and one trader is bracing himself for some potentially volatile months to come. Todd Gordon of Tradinganalysis.com said that a looming Fed rate hike and the "sell in May and go away" adage could bring some sharp moves into the market. But what troubles Gordon most is the fact that traders appear to be paying for more protection in the form of put options, this despite the fact that the S&P 500 is relatively close to record highs. "Volatility is a little bit higher than it should be right now, and I think this is cause for concern," said Gordon on Wednesday's ... (full story)

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  • Category: Breaking News