Five Charts That Say All Is Not Well in Markets

  • Price of plunge protection rising even as VIX remains low
  • Measures of policy uncertainty now at all-time highs

Here Are Two Charts That Show All Is Not Well in Markets

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A former TV star as U.S. president doesn’t seem to have injected markets with much of a ‘‘fear factor.’’ But digging beneath the surface of an eight-year bull run exposes subtle signs that hint at an uneasy optimism.

The Dow Jones Industrial Average has sailed past 20,000 and the S&P 500 is nearing its life-time high set in January, indicating that investors have so far shrugged off the uncertainty brought by the new administration.