Traders Ignoring ‘Warning Flags’ in S&P Rally, Citi Wealth CIO Fears

With US stocks trading at all-time highs despite a wealth of risks from President Donald Trump’s looming tariff deadline, war in the Middle East and rising economic uncertainty, some big-time money managers are growing concerned about where the market stands.

“If I’m honest, I’ve been a little uncomfortable with this rally,” Kate Moore, newly-appointed chief investment officer of Citigroup Inc.’s wealth division, said in a phone interview Thursday. “There are a number of warning flags that are not yet affecting investor sentiment and that I don’t understand why frankly are not on people’s near-term radars.”