Markets mostly rose on Friday.
The S&P 500 rose 0.7 percent to hit another record high, the STOXX Europe 600 rose 0.3 percent but the Nikkei 225 fell 0.2 percent.
There were mixed views among analysts about the latest surge.
Michael Matousek, head trader at US Global Investors, said that “there’s so much optimism, so much enthusiasm about earnings”. He added: “Things are really starting to take off, and the only thing that makes it scary is the idea that we may be culminating to a top in the market.”
“The move isn’t about fundamentals anymore, but the overall euphoria,” said Jason Browne, chief investment officer of FundX Investment Group.
Indeed, investor money gushed into stock-based funds during the first full week of trading in 2018, according to Bank of America Merrill Lynch, with the sixth-biggest equity inflow total ever and the most in at least six months.
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