re: Q2 GDP, annualized, quarter over quarter -32.9%

I agree with you we'll need a catalyst before we see any sort of major retracement in the stock market, but I also think the underlying environment continues to evolve such that if said catalyst occurs, it could be catastrophic. Fiscal and monetary policy are both already highly accommodative, valuations are already near historical highs and credit is already tightening in certain areas.

While it may require a knockout punch to take out this market, I still think it's worth acknowledging the market appears to have a chin of glass at present.