Stocks Hit All-Time Highs: Dow Breaks Above 15000, S&P Surpasses 1600

It’s linked to April’s good jobs report.

“It’s going to be the first time we put two weeks together in a row to the upside in about eight weeks…so that’ the good news,” said Art Hogan, managing director at Lazard Capital Markets. “But the bad news is that we’ve run out of catalysts next week—earnings season is virtually over and the macro is very quiet.”

“But those that have been looking for a pullback, we’ve tried to give catalyst to this market to pullback and it hasn’t worked,” said Hogan, noting that the market has yet to see declines of greater than 3 percent this year. “That tells us that ‘sell in May’ is not going to work this year and I Think we’re going to continue this grind higher.”

By: Cheston Catalano

Cheston Catalano is a Kentucky-based journalist whose work has been featured in the Chattanooga Times Free Press and the Clarksville Leaf Chronicle. He is a long-time contributor to Liberaland.