The S&P 500 is up nearly 19% year-to-date and closed on Thursday at 4,534.87, only about 6% below an all-time high reached in January 2022.
What the Fed does and says next week will be critical," said Cliff Corso, chief investment officer at Advisors Asset Management.
"Bearish investors have had to capitulate," said Liz Ann Sonders, chief investment strategist at Charles Schwab.
The bank last month raised its year-end S&P 500 target to 4,500, from 4,000.
However, Christopher Tsai, chief investment officer at Tsai Capital, is not worried about buying into an overvalued market.
Persons:
Cliff Corso, Jonathan Golub, Tom Lee, Ed Yardeni, Liz Ann Sonders, Charles Schwab, Eric Freedman, Goldman Sachs, Sunitha Thomas, We've, Christopher Tsai, David Randall, Saqib Iqbal Ahmed, Ira Iosebashvili, Richard Chang
Organizations:
YORK, Federal Reserve, Fed, Asset Management, Jonathan Golub of Credit Suisse, Fundstrat Global, Yardeni Research, National Association of Active Investment, U.S, Bank Wealth Management, Consumers, Northern Trust, Tsai, MSCI Inc, Zoetis Inc, Thomson
Locations:
U.S, Jonathan Golub of