S& 500 hits record high, in “early stages” of bull market

Markets were mixed on Thursday.

The S&P 500 rose 1.1 percent to a record high while the STOXX Europe 600 rose 0.6 percent. However, the Nikkei 225 fell 1.1 percent.

“We believe that we are still in the early stages of a new bull market,” said Peter Oppenheimer, chief global equity strategist at Goldman Sachs.

“Stay overweight equities and commodities versus bonds and cash,” JPMorgan said in a note on Thursday.