Stocks are Going Higher, and It's Not Just a Trump Rally, Says Strategist
Stephen Wood, chief market strategist for North America at Russell Investments, says the U.S. stock market can continue to climb but valuations now look unattractive.
U.S. stocks hit new record highs again on Monday, and one strategist says it's not just a Donald Trump rally. Stephen Wood, chief market strategist for North America at Russell Investments, says an improved economy and expectations for better earnings are also helping to drive the stock market higher. Wood believes markets can continue to climb, but he is concerned that valuations are too rich. He recommends investors trim some of their positions in U.S. stocks, and rotate into European equities. TheStreet's Rhonda Schaffler has details from Wall Street.
