A new bull market has arrived on Wall Street after the S&P 500 rallied 20% from its October low.
A resilient economy and solid corporate earnings could drive further gains in the stock market.
According to Carson Group's chief market strategist Ryan Detrick, it wouldn't be out of the ordinary for stocks to continue their rally after cementing a new bull market.
Finally, many investors are not positioned for a bull rally in stocks, and to get ready for a continued rally they'd have to unwind short positions and buy stocks, which could push prices even higher.
It's those two factors that represent "dry tinder" for a potential melt up that could extend the current bull market rally, according to Emons.
Persons:
—, Carson, Ryan Detrick, Detrick, Ben Emons
Organizations:
Service, Federal, Wall