Some Wall Street strategists say bank stocks will continue to outperform, given improving loan fundamentals, attractive valuations and rising dividends.
Following the FTSE's rally to its highest level in over five years, Citigroup's Jonathan Stubbs told CNBC that European equities have "rarely" been so appealing to investors.
Hong Kong's Hang Seng stock index may be one of Asia's laggards, but Morgan Stanley reckons the market is poised to more than double to 50,000 by the end of 2015 on the back of ample liquidity.
Wall Street's stock market mania officially has gone full-throttle as JPMorgan raised its year-end price target for the Standard & Poor's 500 to 1,715.
Artificial Fed moves driving investors to riskier assets, said hedge fund titan Ray Dalio, founder of Bridgewater Associates. But he also had a warning for investors in an interview with CNBC.
As the rally in global equity markets continues, with the S&P 500 closing at a fresh high on Wednesday, Rosenblatt Securities' Brian Reynolds warned that the index is still some way off the 2,500 level.
Big investors are reporting their quarterly holdings, offering a glimpse into what some of the big fish were buying and selling during the first quarter.
Stocks could go down 10 to 15 percent as soon as the Fed tightens its bond buying, but the "fat, dumb and happy" central bank won't do that just yet, a strategist tells CNBC.
Even as stocks extend their mostly uninterrupted path higher, fund managers are holding big amounts of cash, worrying about China and a commodities crash.
Japanese equities have risen a "bit too fast" and appear to be somewhat "bubbly," according to the former vice finance minister of Japan, as the Nikkei crossed the key 15,000 on Wednesday.