With US equities at all-time highs, what sector still concerns me in the ASX200? Overnight, the S&P500 traded at all-time highs

With US equities at all-time highs, what sector still concerns me in the ASX200? Overnight, the S&P500 traded at all-time highs. In this fundamentally unloved bull-market, investors continue to be scarred by fresh-highs, however all-time-highs are perfectly normal in the stock market, having occurred 1,100 times since 1950. I believe investors should be more concerned about the great bond market bubble that is slowly evolving, plus there is the risk of default. I believe the rising interest rate issue has been pushed further back in time by Fed comments and weak European economic data recently. Amazingly at present, poor economic numbers are good-for-equities. Today I cover the IronOre space - I still could not consider buying. There's a disconnect between the Australian major IronOre stocks and the underlying price of the commodity. History tells us either the IronOre Price needs to rally, or the sector is due for a decent correction. See (VIEW LINK)