Markets rose on Friday.
The S&P 500 rose 0.4 percent to close at another record high, the STOXX Europe 600 rose 0.5 percent to the highest level since August 2015 and the Nikkei 225 rose 0.2 percent.
Investors shrugged off worries about a possible US government shutdown. Mick Mulvaney, chief of the Office of Management and Budget, said on Friday that odds of a shutdown occurring are 50-50.
“For traders, many are looking beyond the beltway and finding fundamentals in US companies as sound as they've been in a long time,” said Mike Loewengart, vice president of investment strategy at E-Trade.
“This reporting season should confirm continuity of synchronized global growth and start to provide clarity on the impact of tax reform on earnings and prospects for rising shareholder distributions,” said Dubravko Lakos-Bujas, head of US equity strategy at JP Morgan.
Indeed, Tom Lee, head of research at Fundstrat Global Advisors, told CNBC that “2029 is the peak of this equity market cycle”, and by then the S&P is likely to be between 6,000 to 15,000.
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