[S&P 500 Hits Another Record High, Wall Street Analysts Suggest Year-End Rally May Just Be Starting]
The S&P 500 index closed at another all-time high on Thursday. Ned Davis Research Chief U.S. Strategist Ed Clissold stated that, given the strong earnings reports from U.S. companies and the resilience of the U.S. economy, the current market sentiment is far from euphoric, indicating there is still room for further gains from year-end into early next year. Barclays' 'Stock Market Euphoria Indicator' has stabilized but remains below its early October peak, suggesting the market still has 'dry powder' to fuel a potential year-end rally.