Market has foundation for a continued rally, says Neuberger Berman's Shannon Saccocia

Market Overview - The market is showing resilience despite ongoing government shutdown concerns, with the S&P potentially closing above 6,800, the Russell above 2,500, and the Dow above 47,000 [1] - Recent inflation data has been supportive of the Federal Reserve's objectives, contributing to market stability [1] Credit and Valuation Concerns - There have been emerging credit concerns and questions regarding valuations and vendor financing, yet the market continues to trend upward [2] - A minor reset in prices was sufficient for the market to regain momentum after previous slippage [3] Market Dynamics - The market experienced a "gap and nap" pattern, with a 1% increase at the open but little selling pressure, indicating a lack of urgency among investors [4] - The current upward trend is characterized by more buying than selling, reminiscent of market behavior in early 2021 [5] Retail Investor Behavior - Retail investors are actively participating in the market, showing a preference for companies with no profits, which may sustain upward momentum until market complacency is identified [6][7] Future Economic Outlook - Concerns about a significant economic slowdown, particularly related to China in 2026, are noted, but current data does not indicate such a trend, providing a foundation for continued market rally [8]