There Are Plenty of Reasons Why This Stock Rally Can Continue

It's going to be a record breaking summer for equities. 'There's enough here to justify a continued push higher,' said Jasper Lawler, a market analyst with CMC Markets, based in London. 'Oil prices are on the rise, the Brexit referendum is out of the way and the Fed is on the sidelines.' On Tuesday, the S&P 500 and the Dow Jones Industrial Average closed at record high levels of 2,152.14 and 18,347.67, respectively. Lawler also said the Bank of England is likely to announce a rate cut on Thursday. TheStreet's Scott Gamm reports from Wall Street.