There’s a swelling avalanche of evidence that investors are getting more and more worried about another stock-market crash

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The benchmark S&P 500 climbed more than 12% in the first quarter of 2019. And if you haven’t paid attention to the crosscurrents brewing under the market’s surface, you might conclude that the future for stocks is bright. But a closer examination suggests the situation is exceedingly more dire than many might realize. Yes, the market largely shrugged off the yield-curve inversion that sparked panic the prior week and finished March in strong fashion. That can be at least partially attributed to investor optimism around the Federal Reserve’s newly dovish monetary policy, as well as the prospect of a successful
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