As the Dow industrials shift into hyperdrive, a sense of agita is rising rapidly on Wall Street. A number of analysts and strategists over the past few days are cautioning that worrisome trends are starting to crop up as equities take the escalator higher, pointing to a market that is getting overheated. On Wednesday, the Dow Jones Industrial Average DJIA, +0.29% logged a seventh record close in succession, marking its longest string of all-time closing highs since the eight-session stretch ending March 15, 2013, according to Dow Jones data. The blue-chip gauge also booked its ninth gain in a row and the Nasdaq Composite Index COMP, +0.52% finished at its highest level in 2016. The S&P 500 index finished at a record of 2,175.03 on Friday after the broader stock market retreated in the prior session. A higher level of greed can mean that the market may be assuming an all-too complacent posture, which would put it in a bad position to withstand a shock.
Dow, S&P 500 are overheating—and Wall Street is freaking out
