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The U.S. stock market is in uncharted territory.

Volatility (VIX) hovered near all-time lows at the same time the U.S. economy tied the all-time record for consecutive quarters of growth. In other words, investors are in a tricky position.

Investors need to remain extra vigilant during this unexplored time of accelerating growth versus realized volatility, says Hedgeye CEO Keith McCullough.

“Everything was ‘buy the damn dip,’ everything was obvious, and growth was accelerating for seven consecutive quarters,” McCullough says in the recent clip above.

“This is a really dangerous place to be. Volatility never went that low before. You are in the land of complacency.”

Volatility is back now. Wall Street looks complacent. And the market is on increasingly shaky ground.

Watch the full 4-minute clip above for more.

McCullough: Investors Living In ‘Land of Complacency’ - the macro show