Markets rose on Monday.
The S&P 500 rose 0.4 percent and the STOXX Europe 600 rose 0.3 percent.
Earlier in Asia, the Nikkei 225 rose 0.6 percent while the Shanghai Composite surged 2.5 percent.
Many analysts attribute the continuing rally in stocks to reluctance by central banks to unwind easy-money monetary policies.
“The Fed is on pause,” said Ryan Detrick, senior market strategist for LPL Financial.
Jamie Cox, a managing partner at Harris Financial Group, said recent data “is indicative of a slowdown — a large reason why the Fed has backed off its tightening stance”. He added that that could set “2019 to be quite bullish”.
In contrast, Mike Wilson, equity strategist at Morgan Stanley, sees headwinds for the stock market.
Wilson noted that “the higher level of rates is already having an effect on the more interest rate sensitive sectors of the economy”, which he thinks is running at or beyond its capacity.
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