Sharply Elevated Risks of a Near-Term Stock-Market Crash
Reflects a Confluence of Unusual Risk Factors,
Either Developing or Already in Play:

Market Perceptions of Meaningful Risk for the
Removal from Office of the President Would Threaten U.S. Dollar,
Financial-Market and Economic Stability, and Trigger Flight to Precious Metals

Increasingly Unstable Global Political and Economic Conditions,
Including Trade and Oil-Market Turmoil, a Still-Deepening and
Unfolding U.S. Recession, Unstable Federal Reserve Policies

The Onset of the 2019 Squirrelly Season

2018 Extreme Income Variance Held in Place at
Levels That Tend to Lead Financial and Economic Crashes