Stock Market Highs: Time to Party or Time to Bail?

It’s hard to tell when a raging party is winding down or simply taking a breath. Investors are celebrating the S&P 500’s new record high, but will it keep ginning up, or is it time to bail? Barron’s Next put on the hats of a strategist, a technical analyst, and a behavioral finance expert to get different perspectives on the recent market highs. A market strategist studies fundamentals, such as company valuations and earnings potential, a technical analyst studies price movements and charts to identify changes in the market, and a behavioral finance expert studies the psychological factors that drive investors to act. Think of a patient being assessed by a general practitioner, a specialist, and a therapist.