The S&P 500 (^GSPC) has gained roughly 18% in the last 6 months, with only a slight pullback in late March to mid-April. Many analysts on Wall Street have raised their year-end targets for the S&P 500.

Fundstrat Global Advisors Managing Director & Global Head of Technical Strategy Mark Newton joins Market Domination to discuss the momentum behind the S&P 500 and the market's overall health.

Newton gives his bullish stance, advising investors: "I think this is a year for risk-taking. I'm very bullish. I think we push up to probably 5400 at a minimum. We can see consolidation I think, in the fall. But now is not a time to be running for cover. If anything, with evidence of treasuries starting to gain some traction and wheels are starting to roll over and the dollar is starting to pull back. That's been great for emerging markets."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino