Market Snapshot: Sell everything? This stock-market rally dares you!

Sell everything? That has been the recently intensifying mantra of a number of high-profile investors from DoubleLine Capital’s Jeff Gundlach to strategist at Goldman Sachs, who made a near throw-in-the-towel call earlier in the week.

Goldman’s so-called risk-appetite indicator isn’t singing a bullish tune. To be fair, the investment bank has been neutral on stocks since May. Gundlach has said that assets, perhaps stocks in particular, look frothy while economic growth is muted and earnings are nothing to write home about.

However, those messages don’t seem to be fazing market participants, who helped to propel the S&P 500 index SPX, +0.86% and the Nasdaq Composite Index COMP, +1.06% to all-time highs, breaking the main indexes out of a multi-session funk which had mostly seen equities mired in the mud, even with Tuesday’s slightly firmer retreat.

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