Momentum is clearly to the north side in the S&P 500, up 3.3% for the month off less than three trading weeks. Overall, it’s up 5.2% year-to-date. Over the past four years:(Source: Dow Jones Indices, LLC; modeled by fred.stlouisfed.org)And the index has been doing this with near record-low volatility. Volatility had only previously been this low for a brief period back in July 2014.(Source: Chicago Board Options Exchange; modeled by fred.stlouisfed.org)The market currently sits at 2,351. A gain of just 2.1% would put the index over 2,400.Does momentum and the lack of risk aversion continue to win out, or does this abate as it gains an even frothier valuation?Agree – market ends at 2,400.00 or higher as of February 28Disagree – market ends at 2,399.99 or lower as of February 28