What I'm about to say is going to unnerve some of you, but it's the absolute truth: A stock market crash might be imminent. Through April 6, 2021, the tech-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) has doubled, while the benchmark S&P 500 (SNPINDEX: ^GSPC) and iconic Dow Jones Industrial Average (DJINDICES: ^DJI) were up a respective 82% and 80%. Although 10-year Treasury yields have doubled over the last five months, a 1.7% yield is still historically very low.
All three indexes have rocketed to new all-time highs, with the tech-heavy Nasdaq Composite leading the charge. At its best, the Nasdaq more than doubled in just 11 months' time. A number of factors, including sector rotation, higher Treasury yields, and valuation concerns, have weighed heavily on some of the market's growth stocks of late.
The cryptocurrency, which has been up and down over the last few weeks, jumped to more than $61,000 before retreating slightly.