What Paul Tudor Jones is warning us against doing as the S&P 500 hits record heights

Jones is cautious on market conditions, citing excess leverage in the system, elevated S&P valuations, and a deluge of equity supply. He does, however, identify an opportunity in Japan, suggesting selective bullishness despite the broader risk-off stance.

Analysis

Jones is cautious on market conditions, citing excess leverage in the system, elevated S&P valuations, and a deluge of equity supply. He does, however, identify an opportunity in Japan, suggesting selective bullishness despite the broader risk-off stance.