B. Riley's Art Hogan Evaluates Equity Risk-Reward Near Record Highs in S&P 500 7,000 vs. 8,500 Debate

With U.S. equities trading near all-time highs, B. Riley Wealth Chief Market Strategist Art Hogan addressed the dilemma of taking profits versus deploying fresh capital, framing the index's path forward in a choice between a pullback to 7,000 or a continuation rally toward 8,500.
Hogan noted that while extended valuation multiples and narrow breadth warrant prudent portfolio rebalancing, resilient corporate earnings, liquidity conditions, and ongoing mega-cap tech momentum continue to provide structural support for broad equity upside over an intermediate horizon.