Markets rise as analysts agree there's no reason to sell

Markets rose on Friday.

The S&P 500 rose 0.1 percent, the STOXX Europe 600 rose 0.3 percent and the Nikkei 225 rose 0.9 percent.

“There’s no reason to sell,” said Randy Frederick, managing director at Schwab Center for Financial Research.

Jack Ablin, chief investment officer at BMO Private Bank, said that “reasonable economic growth with low inflation” indicated that “the path of least resistance is higher”.

Indeed, Doug Ramsey, chief investment officer of the Leuthold Group, noted a “remarkable level of bullish ‘agreement’ across the U.S. stock market”, which he said, “stacks the odds heavily against an imminent cyclical top”.