There’s a lot of things I don’t know:
1. How many people will be unemployed next month.
2. How much cash Apple had as of yesterday.
3. Whether Don Draper dies at the end of Mad Men.
4. Which sector will be leading next week.
5. How many tweets I’ll read today with the words “honey badger.”
6. Which will be the next big M&A deal.
7. Whether my last trade was impacted by high frequency traders.

But there are some things I do know:
1. The S&P is making higher highs as the up trend is still intact.
2. Stock participation, while still weak by some measures, has improved over the last couple of weeks.
3. Current seasonality and presidential cycle is bearish right now but has yet to be deemed important by the market.
4. Defensive sectors have been leading all year.
5. There’s someone in New Jersey getting a spray tan right now.
6. Traders still appear to be showing a preference for U.S. stocks over international.
7. There’s a high degree of complacency in the market right now but it won’t matter until it does.

Understanding and recognizing what you do know and what you don’t know can provide a great deal of clarity. So what do you know?