U.S. Stocks Reach 2016 Highs, But Are on ‘Borrowed Time’

U.S. stocks hit their highest level of the year, but one analyst questioned the sustainability of this rally.
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U.S. stocks hit their highest level of the year, but one analyst questioned the sustainability of the rally. 'I think we are living on borrowed time,' said Jasper Lawler, a market analyst with CMC Markets, based in London, adding that fears over China's yuan and an aggressive Federal Reserve have subsided, making it difficult to see what the next catalyst for stocks is. Lawler said if the dollar stays low, stocks can withstand another fall in oil prices, which could come around the time of the next OPEC meeting. TheStreet's Scott Gamm reports from Wall Street.