Markets rose on Monday.
The S&P 500 rose 0.4 percent, the STOXX Europe 600 rose 0.4 percent and the Nikkei 225 rose 0.5 percent.
Markets were boosted by news that the US and Canada had reached an agreement on Sunday night on revising the North American Free Trade Agreement.
Sue Chang at MarketWatch said that after a six-month win streak, the US stock market “can keep on rolling if the past is any indicator”.
She cited data from Bespoke Investment Group showing that when the S&P 500 has risen for six consecutive months between April and September, the stock market has gone on to notch strong gains for the rest of the year.
Still, Vitaliy N. Katsenelson, chief investment officer at Investment Management Associates, warned that the average stock is overvalued somewhere between tremendously and enormously.
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